Geisinger Health System, based in Danville, Pa., has ended talks with Community Medical Center in Scranton, Pa., regarding a possible merger, according to a report by the Times-Tribune.
Geisinger has been looking for a way to enter the Scranton market for some time and began working with CMC for a possible merger deal in August.
Geisinger walked away from the deal most likely due to financial or legal issues but is leaving the door open for possible talks with CMC in the future, according to the report.
CMC faces a limited financial reserve and made headlines in 2008 for being underinsured. The hospital was found liable for $6 million in a medical malpractice case, but only held insurance for $1.2 million, according to the report.
Read the Times-Tribune's report on the ended Geisenger and CMC merger.
Geisinger has been looking for a way to enter the Scranton market for some time and began working with CMC for a possible merger deal in August.
Geisinger walked away from the deal most likely due to financial or legal issues but is leaving the door open for possible talks with CMC in the future, according to the report.
CMC faces a limited financial reserve and made headlines in 2008 for being underinsured. The hospital was found liable for $6 million in a medical malpractice case, but only held insurance for $1.2 million, according to the report.
Read the Times-Tribune's report on the ended Geisenger and CMC merger.