Bethlehem, Pa.-based St. Luke’s University Health Network is terminating its joint venture with Danville, Pa.-based Geisinger and will assume full ownership of their jointly owned hospital, a Geisinger spokesperson confirmed with Becker’s. The health systems partnered in 2019 to create Geisinger St. Luke’s Hospital in Orwigsburg, Pa. Following discussions between the systems, St. Luke’s will purchase Geisinger’s interest in the joint venture. The transition is expected to take effect in 2026, pending regulatory approval, the Republican Herald reported Dec. 10.
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Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/st-lukes-terminates-geisinger-joint-venture-assuming-full-hospital-ownership/