Einstein Healthcare and Jefferson announce merger


Einstein Healthcare and Jefferson announce merger

Jefferson Health

Philadelphia's health care systems Jefferson and Einstein Healthcare Network have signed a non-binding letter of intent to merge.

The companies said that following a period of due diligence, if both organizations decide to move forward, they will sign a definitive agreement, and seek all necessary regulatory approvals.

"This merger would enable Einstein to continue living its mission of providing high-quality care with humanity, humility and honor, and also provide opportunities for growth and expansion currently out of the organization's reach," said Einstein's president and chief executive officer Barry Freedman.

"Both Jefferson and Einstein are aligned in our belief that together we can redefine how patient care is delivered, how health professionals are educated, how research discoveries are brought to patients, and how the health of our communities can be improved."

Stephen Klasko, president and chief executive officer of Jefferson Health, added: "At the new Jefferson our mission is to improve lives. To bring Einstein, with its history, quality and values, into the family brings us closer to that goal. As two academic medical centers that have embraced a no-limits approach to a very different future, we are a perfect match."

Einstein Healthcare, Jefferson, Stephen Klasko, Barry Freedman, US, Philadelpia