Multi-hospital health system Penn State Health has agreed to acquire Holy Spirit Health System from Geisinger, with formal agreements set to be finalised in the coming days.
The acquisition will cover Holy Spirit Hospital in Camp Hill, affiliated outpatient practices and urgent care centres in Cumberland, Dauphin, Perry and York counties. It also includes the Ortenzio Heart Center and the West Shore EMS assets.
Geisinger invested more than $120m in Holy Spirit, recruited approximately 100 new providers and added or expanded services such as trauma, stroke and diabetes care since October 2014.
Also, Holy Spirit and Penn State Health already work together on neurosurgery and cardiac surgery programmes.
Penn State Health CEO Steve Massini said: “The addition of Holy Spirit enhances Penn State Health’s ability to provide a robust network of clinical services in and around the greater Harrisburg region.
“Holy Spirit’s hospital, employed medical group and strong community of independent practice physicians, working in collaboration with our Milton S. Hershey Medical Center, offers consumers a strong competitive alternative for healthcare services.”
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Boards of directors at Penn State Health, Geisinger and also Holy Spirit approved the deal. Holy Spirit is scheduled to transition into Penn State Health in October this year.
The acquisition is subject to regulatory approval by the Pennsylvania Attorney General and the Federal Trade Commission.
Following the completion of the transition, Holy Spirit Hospital will operate as Penn State Health Holy Spirit Medical Center.
Geisinger president and CEO Dr Jaewon Ryu said: “Our goal for Holy Spirit was always to find a way to preserve access to care and continuity of care in the Greater Harrisburg area, and we believe Penn State Health will continue to invest in and care for these communities.”
In March this year, Penn State Health purchased Pulmonary and Critical Care Medicine Associates, which includes ten physicians, nine advance practice providers and outpatient practices in Lemoyne and Carlisle.