LVHN and Jefferson Health Proceed with Merger in Lehigh Valley Region

The merger between health networks in Pennsylvania is moving forward. Lehigh Valley Health Network and Jefferson Health have signed a definitive agreement to combine, LVHN announced on Wednesday. The deal is expected to be completed later this summer, pending final reviews and execution of closing conditions. The two networks had announced in December their intent to merge.

The new health system will be among the 25 largest in the country, with a combined workforce of 65,000 people and access to 30 hospitals and 700 outpatient sites. According to LVHN, the combined network would be in the top 15 nonprofit health systems in the U.S.

Jefferson’s CEO, Joseph Cacchione, will continue to serve as CEO of the Jefferson enterprise under the new merged system. LVHN’s president and chief executive officer, Brian Nester, will serve as executive vice president/chief operating officer of the Jefferson enterprise and president of the legacy LVHN, reporting directly to Cacchione. Nester had previously stated that since there are no overlapping facilities between existing networks, no job cuts are expected at this time; however down the road there could be some as the new network looks for synergies between its collective facilities.

By Riley Johnson

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