Abington (Pa.) Health and Philadelphia-based Jefferson Health have taken one step closer to merging by signing a letter of intent.
In late September, Abington and Jefferson announced they would enter into a 30-day exploratory period. The board members and executive teams from both organizations have now decided to move forward with the transaction.
Abington and Jefferson expect to enter into a definitive agreement in 120 days and finalize the transaction later in 2015.
"The merger of Abington and Jefferson is a bold step forward for patient care, wellness, and educating future healthcare providers," said Laurence Merlis, president and CEO of Abington.
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