Jefferson, Abington Complete Mega-Merger
The merger between Jefferson and Abington Health is a done deal, creating a local health care behemoth with 19,000 employees, 3,370 physicians, 2,482 nurses and 1,751 inpatient beds. It will also have five hospitals: Abington Memorial Hospital, Thomas Jefferson University Hospital, Jefferson Hospital for Neurosciences, Lansdale Hospital, and Methodist Hospital.
It’s likely the largest health care merger the Philadelphia region has ever seen.
The combined company (called simply Jefferson) has $106.3 million in public/private research funding, 3,908 students, nine outpatient centers and four urgent care centers.
The organization will have a board with equal representation from each organization. Even the chair seat will be split up: Jefferson’s Richard Hevner will be the chair for the first two years, and then be followed by Abington’s Stephen Crane.
The deal has been in the works since the two sides signed a letter of intent in October 2014.