What is an example of a hospital merger?

In November 2021, Penn Medicine announced its intent to merge with Jefferson Health.

This merger would create a combined workforce of over 85,000 employees and operate more than 10 hospitals and 200 outpatient locations across the Philadelphia region. The new organization would be known as Penn Medicine-Jefferson Health and would be headquartered in Philadelphia, Pennsylvania.

The deal represents the latest in a wave of recent health system mergers, which are expected to continue as the industry faces financial pressures and seeks to improve efficiency.

Penn Medicine is a renowned academic medical center that is consistently ranked as one of the top hospitals in the country. It is home to the nation’s top hospitals in neurology and neuro surgery.

Jefferson Health is a nationally recognized, multi-hospital, system that provides care across the full continuum, including primary, specialty, acute, and rehabilitative services, to meet the needs of the communities it serves.

The merger between Penn Medicine and Thomas Jefferson University Hospital is expected to be completed in early 2022.