The
Pennsylvania Healthcare Network University
has been granted final approval to proceed with its merger
Doylestown Health
, penned Ryan Mulligan for the
Philadelphia Business Journal
.
In January,
Penn Medicine
Doylestown Health reported that they have signed an agreement indicating their intention to pursue a merger. Now with the final approval obtained, Penn Medicine will incorporate the 247-bed facility.
Bucks County
The hospital integrates itself into the system as it continues to grow within Philadelphia’s suburban areas.
As stated by the CEO of Penn Medicine
Kevin Mahoney
and COO
Michele Volpe
The agreement will be formally recognized at Doylestown Hospital on April 1st.
“This marks a crucial phase in the development and reshaping of our healthcare system, particularly as we keep reinventing the methods and locations where we provide outstanding care to additional patients across the Philadelphia suburbs,” they stated.
During the initial six months of its 2025 fiscal year, Doylestown Health recorded an operational deficit of $13.7 million, marking an uptick from the $8.1 million loss seen during the corresponding timeframe in the previous year. For fiscal year 2024, the facility showed revenues totaling $466.8 million—a 12% rise compared to the $417.9 million documented in fiscal year 2023.
Learn more about the merger between Penn Medicine and Doylestown Health and its implications for healthcare in the area from this source.
Philadelphia Business Journal
.
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