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University of Penn Health finalizes merger with Princeton HealthCare System

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The University of Pennsylvania Health System (UPenn Health) has officially merged with Princeton HealthCare System in a deal that has been brewing since the beginning of 2017.

The University of Pennsylvania Health will absorb all of the Princeton Health’s units, including Princeton Behavioral Health, Princeton HomeCare and its academic hospital, Princeton Medicine. Princeton Health will now be called Penn Medicine Princeton Health, and the hospital will be called Penn Medicine Princeton Medical Center.

UPenn Health includes five hospitals in Pennsylvania including The Hospital of the University of Pennsylvania (HUP) and Penn Presbyterian Medical Center, as well as primary and specialty physician networks and outpatient facilities, home and hospice services.

Princeton Health employs 3,000 staff members, including 1,300 physicians. Before settling on UPenn Health, Princeton Health considered 17 different partners since June 2015, when it announced it would evaluate partnership opportunities.

“The joining together of Princeton HealthCare System and Penn Medicine represents an exciting new chapter in Penn Medicine’s growth,” said Ralph Muller, UPenn Health’s CEO, in a release. “Princeton Health has an impressive reputation for providing high-quality care to patients close to home, and innovating in many types of community-based health and wellness initiatives.”

Princeton Health CEO Barry Rabner said in a statement that UPenn Health’s strength in medical research was one of the main reasons it chose to partner with it.

“Members of our community will continue to receive high-quality care right here, close to home,” said Rabner in a release. “They also will benefit from easier access to the latest medical breakthroughs, clinical trials, cutting-edge technologies and specialized clinical expertise—both here and elsewhere in the Penn Medicine system.” 

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Vince Calio

Vince Calio

Vince Calio covers health care and manufacturing for NJBIZ. You can contact him at vcalio@njbiz.com.

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