The California-based nonprofit, Tenor Health Foundation, has announced plans to acquire several healthcare facilities within the Commonwealth Health system, including Wilkes-Barre General Hospital. The acquisition is part of Tenor Health’s commitment to preserving healthcare resources, especially in communities that are vulnerable.
Details of the Acquisition
The planned transaction involves Wilkes-Barre General Hospital, Regional Hospital of Scranton, and Moses Taylor Hospital in Scranton. Additionally, many outpatient centers and clinics located in Northeast Pennsylvania will be included in the deal.
According to a statement from Commonwealth Health, the transaction will undergo standard regulatory reviews. It is contingent on Tenor Health securing the necessary funding. Once funding is approved, the deal is expected to conclude in the fourth quarter of this year.
Statements from Leadership
Radha A. Savitala, the CEO of Tenor Health Foundation, expressed enthusiasm about bringing these facilities into their organization. She emphasized the commitment to serve vulnerable communities and acknowledged the collaboration with community leaders and hospital staff during this process.
Prior to the official announcement, a letter of intent was signed in August, indicating the impending acquisition. Following this, an internal memo was circulated among the staff at Wilkes-Barre General Hospital, which highlighted the expectations for this transition.
Concerns Raised
In August, the Board of Directors at Wilkes-Barre General Hospital voiced concerns regarding the acquisition. They suggested that Tenor Health’s offer might not align with the hospital’s mission to serve the local community and warned about potential risks to its resources.
Community Response
U.S. Representative Rob Bresnahan provided a positive response to the acquisition announcement. He noted the importance of these hospitals as critical service providers and key economic anchors in the Scranton region.
Representative Bresnahan pledged to work closely with stakeholders at all levels to ensure the acquisition benefits the community and maintains high-quality healthcare access for residents of Northeastern Pennsylvania.
Conclusion
- Acquisition Target: Wilkes-Barre General Hospital and other facilities
- Buyer: Tenor Health Foundation
- Status: Pending regulatory review and funding approval
- Expected Completion: Fourth quarter of this year
This acquisition is a significant step towards addressing healthcare needs in the region, reassuring stakeholders of the commitment to enhance care and services for the community.
