St. Luke’s University Health Network is planning on expanding its presence in the Philadelphia Suburbs with the acquisition of Grand View Health in Sellersville, writes Sarah Gantz for The Philadelphia Inquirer.
The Lehigh Valley-based nonprofit health system, which owns 15 campuses across 11 counties in northeastern Pennsylvania and New Jersey, has signed a definitive agreement to partner with Grand View.
The deal is expected to be finalized in mid-to-late 2025. The terms of the deal were not disclosed.
“This is a strategic decision to assure Grand View’s future for the benefit of our community and our patients,” said Doug Hughes, Grand View’s president and CEO.
St. Luke’s Upper Bucks in Milford is also operated by the health system.
Grand View opened in 1913 as the first hospital in Bucks County. The hospital has lost over $40 million in each of the previous three fiscal years.
“Grand View, as does St. Luke’s, enjoys a long and proud history of providing high-quality and compassionate care to its communities, which is why the two organizations will be excellent partners,” said Rick Anderson, president and CEO of St. Luke’s.
Read more about St. Luke’s University Health Network’s acquisition of Grand View Health in The Philadelphia Inquirer.
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