CENTRAL PENNSYLVANIA BUSINESS JOURNAL: …The deal, which has been in the works since October, unites two systems that have been among the top five in the country as ranked by U.S. News & World Report…
As part of the agreement, LG Health’s governance would continue under a board of trustees consisting of business and community members, its CEO and representatives of LG Health would also gain seats on Penn Medicine’s board of trustees, the release said…
[LG Health President and CEO Thomas E. Beeman] added, “We’re going to be adding services that we could never have delivered without Penn Health.” He also stressed that there was no financial transaction involved, and that LG Health’s money will “unequivocally” remain in Lancaster under the auspices of the local board. Additionally, he said, “All issues regarding our medical staff, our investment and our properties remain under local control.” …(more)
