Another one of Philadelphia's dying breed of independent hospitals announced merger plans last week.
Under a memorandum of understanding approved by both institutions, Philadelphia's Methodist Hospital intends to merge with Thomas Jefferson University Hospital, creating a single governance structure with joint representation. Thomas J. Lewis, chief executive officer and president of Thomas Jefferson, will preside over the merged organization.
Executives hope the deal can be closed by July 1, said Methodist President and CEO Kevin Hannifan, who will become the 156-bed hospital's senior administrator. He said the merger with 620-bed Thomas Jefferson builds on a 40-year history of affiliations.
Thomas Jefferson is a member of Jefferson Health System, an integrated delivery system formed by the university last August in partnership with Radnor, Pa.-based Main Line Health System.
Meanwhile, merger discussions continue to reshape Pittsburgh's hospital market. On May 2, the board of Washington (Pa.) Hospital voted to enter merger discussions with University of Pittsburgh Medical Center. Both are members of Tri-State Health System.