Healthcare Business News
 
AtlanticCare selcted Geisinger Health System to better position itself for healthcare reform
Tilton

Regional News/Northeast: Geisinger to acquire AtlantiCare in proposed deal


By Melanie Evans
Posted: November 16, 2013 - 12:01 am ET
Tags:

AtlantiCare in Egg Harbor Township, N.J., selected Geisinger Health System, Danville, Pa., in its search for a deal to better position the New Jersey healthcare system for healthcare reform.

Advertisement | View Media Kit

 

Under the proposed deal, Geisinger will acquire AtlantiCare. “We believe that the Affordable Care Act has signaled a fundamental change in how healthcare will be provided, consumed and paid for,” said David Tilton, AtlantiCare's president and CEO. Geisinger has the scale and experience with delivery reform that AtlantiCare sought in a potential partner, he said.

The two systems signed a letter of intent and will begin due diligence. They hope to reach a definitive agreement in the first three months of next year.

Follow Melanie Evans on Twitter: @MHmevans


What do you think?

Share your opinion. Send a letter to the Editor or Post a comment below.

Post a comment

Loading Comments Loading comments...

Search ModernHealthcare.com:


 

Switch to the new Modern Healthcare Daily News app

For the best experience of ModernHealthcare.com on your iPad, switch to the new Modern Healthcare app — it's optimized for your device but there is no need to download.