Pottsville, Pa.-based Schuylkill Health will continue its plan to merge with Allentown, Pa.-based Lehigh Valley Health Network after Lehigh officials said the organization would take responsibility of Schuylkill Health's debts, according to Republican Herald.
Schuylkill has $49.765M in bond debts.
As part of the merger, Schuylkill Health officials said they plan on moving the emergency, radiology, ICU and OBGYN departments from the south campus to the east campus.
Officials said they hope that at the merger's conclusion, credit agencies will raise the strength of the bonds to match the stronger credit strength of the new system, according to the article.