Fierce Healthcare May 15, 2024
Philadelphia-based Jefferson Health and Allentown, Pennsylvania-based Lehigh Valley Health Network (LVHN) are one step closer to consummating a $14 billion merger announced late last year.
The pair announced Wednesday that their leadership has signed a definitive merger agreement and are targeting a summer close, pending reviews and closing conditions.
Though specific terms of the deal have not been disclosed, the nonprofits’ combination is set to bring together 65,000 employees, 30 hospitals and over 700 sites of care. The entity would also run a health plan and conduct clinical research alongside Thomas Jefferson University.
“Through our integrated operating model, the combined organization will provide the communities we serve with access to the highest quality care, the benefits of...
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