Einstein Healthcare Network and Jefferson Health Merger Clears Final Hurdle
PHILADELPHIA – The Federal Trade Commission announced today that it will no longer challenge the merger between Einstein Healthcare Network and Jefferson Health, posing no further barriers for the two historically linked academic medical centers to combine efforts to advance their shared healthcare mission in the region.
“Two non-profit, anchor institutions coming together to preserve access to care and do the right thing by the residents of Philadelphia is a creative solution to ensure Einstein doesn’t face the same fate as Hahnemann University Hospital,” said Stephen K. Klasko, MD, MBA, President of Thomas Jefferson University and CEO of Jefferson Health. “It’s a milestone victory for the city of Philadelphia and for those patients and families we proudly serve.”
Klasko said he expects to officially close on the merger within the next six months.
This will expand Jefferson from 14 to 18 hospitals, improve health education and research opportunities and will bring together two of the nation’s top inpatient rehabilitation hospitals – the MossRehab/Moss Rehabilitation Research Institute and Jefferson Health- Magee Rehabilitation.
"We are excited to have Einstein and Jefferson come together, as our shared vision will enable us to improve the lives of patients, the health of our communities and enhance our health education and research capabilities," said Ken Levitan, Interim President and Chief Executive Officer, Einstein Healthcare Network. "By bringing our resources together, we can offer those we care for - particularly the historically underserved populations in Philadelphia and Montgomery County – even greater access to high-quality care.”