PHILADELPHIAAlbert Einstein Healthcare Network, Philadelphia, and Jefferson Health System, Radnor, Pa., said they are negotiating the terms of an amicable separation after 10 years, concluding that they can better serve their respective communities independently. Timing and terms of the separation have not been completed but they expect an agreement will be signed before the end of the first quarter, and the separation will be closed in the first half of the year. Einstein Healthcare will continue to have an academic affiliation with Thomas Jefferson University after the separation. Standard & Poors said the announcement would not immediately affect its AA- rating and positive outlook on Jeffersons debt. From a financial standpoint, the withdrawal will be a positive for Jefferson, according to S&P, because Einstein Healthcares finances, though strong, are not as strong as Jeffersons. Einstein Healthcare represents about one-fifth of Jeffersons revenue, according to S&P. As part of the withdrawal, Einstein will be required to repay Jefferson for approximately $130 million of obligated group debt, S&P said.
WALLINGFORD, Conn.Hospitals in Connecticut have created a plan to control and prevent infections caused by multiple drug-resistant organisms, or MDROs, including taking a pledge to reduce MDRO infections, the Connecticut Hospital Association announced. The association planned to sponsor a Feb. 1 symposium addressing effective hospital initiatives and methods of infection prevention, with presentations by infection-control experts. The hospital association also will launch an MDRO collaborative, a working group of 30 acute- and long-term-care hospitals that will share prevention information among their facilities. The group will use a Web site, e-mail and conference calls to collect data and implement patient-safety improvements, according to a written statement by the association. The pledge to reduce infections states that Connecticut hospitals will partner to share and report information and push staff toward 100% compliance with prevention techniques.
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