The Penn State Board of Trustees has approved a proposal to combine Penn State Milton S. Hershey (Pa.) Medical Center and Harrisburg, Pa.-based PinnacleHealth System to form a new health enterprise under the umbrella of Penn State Health.
PinnacleHealth's board of directors also voted to approve the plan last week.
"Our goal is to create a healthcare system focused on community needs and innovative solutions for the future of healthcare," said Michael A. Young, president and CEO of PinnacleHealth. "By integrating expert clinical research capabilities, superior inpatient and outpatient care, the latest technological advancements and medical education and training, together we are positioned to provide a healthcare destination that promotes wellness and provides groundbreaking medicine."
The plan, which was announced in January, still requires regulatory approval.
More articles on healthcare industry transactions:
Hallmark Health's new CEO focused on completing merger
Banner Health to buy another Arizona hospital
Silverton Health in partnership talks with Legacy Health