Plainsboro, N.J.-based Princeton HealthCare System and the University of Pennsylvania Health System in Philadelphia announced their intent to pursue a partnership, according to Princeton HealthCare officials.
PHCS officials have considered 17 potential partners since declaring their intent to partner with another health system in June 2015.
340-bed Princeton HealthCare operates the University Medical Center of Princeton and Princeton House Behavioral Health. The health system currently has 1,200 physicians on staff and employs about 3,200 people. The University of Pennsylvania Health System, with about 2,500 beds, employs nearly 31,000 and operates five arae hospitals: Hospital of the University of Penn., Penn Presbyterian Medical Center, Penn. Hospital, Chester County Hospital and Lancaster General Hospital.
The two organizations are expected to negotiate and finalize definitive agreements during the next several months. They will then seek regulatory approvals, a process that may take up to a year to complete.
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