Scranton Scramble: CHS to Acquire Moses Taylor, Geisinger to Buy CMC
- Active employees will be hired into their same positions, at the same rate of pay and with their seniority recognized for a minimum of one year post-closing.
- The health system providers will continue to provide charity care and participate in the Medicare and Medicaid programs.
- A local board of trustees will be established in each of the organizations.
- Moses Taylor will continue to participate in its residency and fellowship programs and will continue to support The Commonwealth Medical College.
CHS is one of the largest publicly-traded hospital companies in the nation and specializes in operating 133 acute care hospitals in non-urban and mid-size markets throughout 29 states. The announcement marks the completion of a 12-month exploration process.
Geisinger and Community Medical Center sign definitive agreement
Also Tuesday morning, not-for-profit Community Medical Center announced that it will merge and integrate into not-for-profit Geisinger.
"This has been a conscientious and deliberate decision, and we explored a number of options before our board unanimously voted to approve merger and integration into Geisinger," Robert P. Steigmeyer, CEO/president of CMC, said in a media release. "It was important for CMC to choose a quality-focused health system with proven success that mirrors our own charitable mission, values and standards of care."
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