TUNKHANNOCK, Pa.Tyler Memorial Hospital and the Northeast region of Mercy Health Partners, Scranton, Pa., said last month that they have agreed on a memorandum of understanding in order to investigate a deal between them. The not-for-profits expect to spend 90 to 120 days in due diligence before deciding whether to collaborate and in what form. Mercy, which is part of Cincinnati-based Catholic Healthcare Partners, operates 230-bed Mercy Hospital of Scranton and 68-bed Mercy Special Care Hospital, Nanticoke, Pa. Scranton is about 25 miles away from 58-bed Tyler Memorial. Denise Gieski, president and CEO of Tyler Memorial, said in a news release that Mercy appears to be the best fit for Tyler and should let the hospital continue to serve its local patients. The difficulties of maintaining an independent hospital is also a driver of the effort, the parties said. Another deal is pending in nearby Wilkes-Barre, Pa., where Community Health Systems, Franklin, Tenn., has hammered out a definitive agreement to acquire two-hospital Wyoming Valley Health Care System. Terms have not been disclosed.
Regionals: Tyler Memorial Hospital and Mercy Health Partners reach a deal to investigate collaboration and more news ...
PROVIDENCE, R.I.The Rhode Island attorney general and the state health department accepted a merger application from 169-bed Roger Williams Medical Center, Providence, and 271-bed St. Joseph Health Services, North Providence, according to a news release. The completed application must undergo a 180-day review process along with a public hearing before it can be considered for approval by the health departments Health Services Council. If approved, the hospitals would operate under a joint holding company called CharterCare Health Partners. The company would have roughly 3,200 employees and annual operating revenue of approximately $330 million. Roger Williams and St. Joseph first announced plans to merge in November 2007, just three months after two other Rhode Island providersthe four-hospital Lifespan Corp. and three-hospital Care New England Health Systemannounced plans to merge. That merger, however, has been stalled since June 2008, when state officials deemed the Lifespan-Care New England application inadequate for processing and asked the two systems to resubmit the document with more information. No new application has been submitted to date.
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