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AtlantiCare and Geisinger health systems sign letter of intent

AtlantiCare-Geisinger Press Release

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For Immediate Release: November 13, 2013

AtlantiCare and Geisinger health systems sign letter of intent

Atlantic City, NJ/Danville, Pa. – AtlantiCare health system, Atlantic City, New Jersey, and Geisinger Health System, Danville, Pennsylvania, announced today the signing of a letter of intent to explore ways the healthcare organizations can work together to benefit healthcare for their patients.

The signing of the letter of intent enables each organization to investigate in greater detail the opportunities to affiliate. The due diligence and approval process is expected to take nine to 12 months to complete.

"Following a thorough year-long search process to find the right partner to continue our transformation of healthcare, we are pleased to move forward with a letter of intent with Geisinger Health System, a national model for innovation and value," said AtlantiCare President and Chief Executive Officer David P. Tilton. "We believe that together, AtlantiCare and Geisinger can broaden innovation and improve the quality, experience and value for our patients and the communities we serve."

"Healthcare continues to evolve throughout our country, and we are always open to exploring ways to improve care and best serve the community," said Geisinger Health System President and Chief Executive Officer Glenn Steele, Jr., M.D., Ph.D. "AtlantiCare and Geisinger share similar cultures and commitments to enhancing population health. We are pleased to look at ways we can further our missions together."

The organizations share a number of awards and recognitions including Best Places to Work in Healthcare and Magnet™ designations.

View announcement from AtlantiCare President and CEO, David Tilton

About AtlantiCare

AtlantiCare is an integrated system of services designed to help people achieve optimal health. It includes AtlantiCare Regional Medical Center, AtlantiCare Solutions, the AtlantiCare Foundation, the AtlantiCare Physician Group and AtlantiCare Regional Health Services. Its more than 5,461 employees and more than 700 physicians serve the community in nearly 70 locations. A 2009 Malcolm Baldrige Award winner, AtlantiCare was also included in Modern Healthcare's Best Places to Work in Healthcare in 2010. ARMC became the 105th hospital in the nation to attain status as a Magnet™ designated hospital in March of 2004 and was re-designated a Magnet™ hospital in 2008.

About Geisinger

Geisinger Health System is an integrated health services organization widely recognized for its innovative use of the electronic health record, and the development of innovative care models such as ProvenHealth Navigator® and ProvenCare®. As the nation's largest rural health services organization, Geisinger serves more than 2.6 million residents throughout 44 counties in central and northeastern Pennsylvania. The physician-led system is comprised of more than 20,800 employees, including a 1,000-member multi-specialty group practice, seven hospital campuses, two research centers and a 448,000-member health plan, all of which leverage an estimated $6.1 billion positive impact on the Pennsylvania economy. The health system and the health plan have repeatedly garnered national accolades for integration, quality and service. In addition to fulfilling its patient care mission, Geisinger has a long-standing commitment to medical education, research and community service. For more information, visit www.geisinger.org, or follow the latest Geisinger news and more on Twitter and Facebook.

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