Albert Einstein Healthcare Network, Philadelphia, and 143-bed Montgomery Hospital Medical Center, Norristown, Pa., are exploring a partnership that would include building a new hospital and expanding clinical services. Officials said they expect to complete discussions and win board approval by fall. Joining the Einstein network would improve Montgomery's access to capital, the hospital's president and chief executive officer, Timothy Casey, said in a news release. Montgomery lost $1.2 million on operating revenue of $86 million in fiscal 2004, a negative 1.4% operating margin, according to the Pennsylvania Health Care Cost Containment Council. The new hospital would be located near Montgomery's facility. -- by Cinda Becker
Einstein network, Pa. hospital discuss partnership
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