After initially suing AtlantiCare to prevent it from leaving its system earlier this year, Geisinger Health has now agreed to the departure. The two health systems announced Tuesday that they have struck an agreement under which Danville, Pa.-based Geisinger will no longer serve as the parent company of AtlantiCare, based in Egg Harbor Township, N.J. As part of the deal, Geisinger has withdrawn the lawsuit it filed in January. The agreement could take six to 18 months to finalize, as it contains a number of closing conditions, the systems said. In the meantime, AtlantiCare will remain part of Geisinger. Geisinger acquired AtlantiCare in October 2015.
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Source: https://www.modernhealthcare.com/providers/geisinger-and-atlanticare-agree-unwind-relationship