Becker's Healthcare August 23, 2024
Hospital consolidation continues to gather momentum across the country, with one state in particular, Pennsylvania, seeing more merger and acquisition activity than any other.
Here are seven hospital and health system deals announced or completed in Pennsylvania so far this year:
1. Risant Health, part of Kaiser Permanente, acquired Danville, Pa.-based Geisinger Health, a 10-hospital system, on March 31. Oakland, Calif.-based Kaiser said Risant plans to acquire four to five more community-based health systems over the next four to five years.
2. Washington (Pa.) Health, a two-hospital system, joined Pittsburgh-based UPMC in June. UPMC will invest at least $300 million over the next 10 years to improve services at the two hospitals, which have been rebranded as UPMC Washington and...
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