Thomas Jefferson University Finalizes Agreement To Acquire Einstein Healthcare Network

Thomas Jefferson University (Jefferson) recently finalized its agreement to acquire Einstein Healthcare Network (Einstein). The two non-profit organizations initially announced the transaction back in March. . No timeline has yet been given in relation to the completion of the acquisition.

The acquisition—which is the sixth by Jefferson since 2013—expands the health system from three to 18 hospitals, resulting in Jefferson approaching about $6 billion in annual revenue. Einstein has struggled to operate at a profitable level due to nearly three-quarters of its revenue coming from Medicare and Medicaid, as government programs do not pay as well as . . .