Jefferson and Lehigh Valley Health Network have finalized a merger agreement, creating a 30-hospital system

University has finalized its agreement to acquire Lehigh Valley Health Network in a deal that will create a 30-hospital system, headquartered in Philadelphia,among the top 15 nationwide for revenue, the two nonprofit health systems said Wednesday.

Jefferson and Lehigh Valley said they expect to complete the deal this summer, pending regulatory approvals. They hadin ways that make care more efficient while improving quality. The point is not to cut overhead costs, they said.

The combined systems will employ 65,000 people and have 700 locations, the systems said. Their combined revenue in fiscal 2023 was $14 billion. After closing, Cacchione will continue as CEO. Lehigh Valley CEO Brian A. Nester will become Jefferson’s chief operating officer and president of legacy Lehigh Valley businesses. Baligh R. Yehia, currently president of Jefferson health businesses, will become Jefferson’s chief transformation officer and will remain president of the legacy Jefferson Health operations.

An unspecified number of Lehigh Valley board members will join the Thomas Jefferson University board, the systems said.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Main Line Health, Jefferson Health pledge to reduce greenhouse gas emissionsMain Line Health joins more than 130 health organizations nationally that have signed on to the Health Sector Climate Pledge.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

Hershey Bears hold off Lehigh Valley to take Game 1 of Atlantic Division semifinalsGame 2 of the Atlantic Division semifinals is Saturday night with a 7 p.m. puck drop.
Source: WGAL - 🏆 331. / 59 Read more »

Hershey rapid reaction: Bears 2, Lehigh Valley 1 (Giant Center)The Bears took Game 1 of their best-of-five Atlantic Division semifinal with the Lehigh Valley Phantoms.
Source: PennLive - 🏆 463. / 53 Read more »

Hershey begins Calder Cup defense with 2-1 win over Lehigh ValleyA look at the Hershey Bears win over the Lehigh Valley Phantoms in Game 1 of the Atlantic Division Semifinals.
Source: fox43 - 🏆 564. / 51 Read more »

Hershey-Lehigh Valley: What you need to know about the Bears’ first playoff seriesThe Bears and Phantoms are meeting for the sixth time in the postseason.
Source: PennLive - 🏆 463. / 53 Read more »

Man dies as car smashes into Lehigh Valley car dealershipAbeil Adilow died on April 30, 2024, after he car crashed into several vehicles parked outside an Allentown, Pennsylvania, car dealership.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »