On Tuesday, October 15, Penn State Health and Geisinger announced the signing of a letter of intent for Geisinger to transfer ownership of Holy Spirit Health System to Penn State Health.
With the merger, the companies propose Penn State Health will replace Geisinger as the sole corporate member of the Holy Spirit Health System. The agreement is awaiting approval from state and federal agencies and has a target completion date of January 30, 2020.
This deal will mainly affect people in Cumberland County and the Greater Harrisburg Region in Pennsylvania. If it’s approved, it will involve the transfer of Holy Spirit Hospital in Camp Hill, its affiliated outpatient and urgent care centers, the Ortenzio Heart Center, and West Shore EMS to Penn State Health.
Dr. Jaewon Ryu, Geisinger’s president and chief executive officer, believes Penn State Health is a natural fit and positive next step for Holy Spirit, since they currently work together on neurosurgery and cardiothoracic surgery programs.
Penn State Health, the parent of entities including Penn State Milton S. Hershey Medical Center in Hershey, PA, continues to grow and expand. This new health care system venture would give Penn State Health two hospitals only a few miles apart, with their new hospital in Hampden township expected to open in 2021.