Kennedy Health is in negotiations to merge with Thomas Jefferson University Hospitals, according to a report on philly.com.
Kennedy Health is in negotiations to merge with Thomas Jefferson University Hospitals, according to a report on philly.com.
The report cites unnamed industry sources, noting that officials from both entities declined to comment on the matter
Kennedy Health spokeswoman Nicole Pensiero reiterated that "no comment" when contacted Thursday afternoon.
"Kennedy has nothing to report at this time," she said.
If the deal goes through, it would give Jefferson 2,487 licensed beds and $4 million in annual revenue, according to the philly.com story.
Kennedy Health has 607 beds across its three hospitals in Washington Township, Stratford and Cherry Hill. Kennedy reported $540 million in revenue in 2014 and employs 4,470 in its hospitals and other facilities.
Jefferson offers services at five primary facilities, including Thomas Jefferson University Hospital and Jefferson Hospital of Neuroscience, both in Center City Philadelphia. In New Jersey, it operates Jefferson at Voorhees.
If the Kennedy deal goes through, it would be the latest in a series of Jefferson mergers.
Jefferson signed a merger agreement with Aria Health earlier this week, according to the Philadelphia Business Journal. Aria operates two hospitals in Philadelphia and another in Bucks County. Jefferson completed a merger with Abington Health in 2015, bringing two Montgomery County hospitals info the fold.
Kennedy most recently made news when CEO Joseph Devine announced his opposition to Rowan University's plans to sell land to Inspira Health Network for construction of a new hospital in Harrison Township, Gloucester County.
Devine argued that this location, roughly 6 miles from Kennedy's Washington Township hospital, would be harmful to Kennedy and put jobs at risk. After hearing from Devine, Rowan's board of trustees tabled the land sale and will revisit the subject in February.
Matt Gray may be reached at mgray@njadvancemedia.com. Follow him on Twitter @MattGraySJT. Find the South Jersey Times on Facebook.