SCRANTON, Pa., January 3, 2012 – Moses Taylor Hospital in Scranton and Mid-Valley Hospital in Peckville as well as outpatient clinics and other ancillary facilities operated as part of Moses Taylor Health Care System have completed their ownership change to become affiliates of Community Health Systems. The sale was finalized today, securing a promising future for the hospitals and setting the stage for a collaborative healthcare delivery system in Scranton.
Under the terms of the transaction, the following commitments have been made:
- The infusion of at least $60 million in facility and technology upgrades in Moses Taylor Health Care System in the first five years after the transaction.
- Employees in good standing have been hired into the same positions, at the same rate of pay, with their years of service recognized.
- Relationships are continuing with all physicians in good standing currently serving on the hospitals’ medical staffs.
- Physicians will be recruited to further advance health services in the community.
- The hospitals will continue charity care policies to help serve indigent patients and participate in the Medicare and Medicaid programs.
- Local boards of trustees will be appointed for each facility and will be comprised of community leaders and members of each hospital’s respective medical staff.
- Residency and fellowship programs currently affiliated with Moses Taylor are continuing as is the support to The Commonwealth Medical College.
As a result of the transaction, Moses Taylor Hospital and Mid-Valley Hospital will change their tax-status and begin paying property and other taxes further supporting the communities they serve.
“This new affiliation will be transformative of healthcare delivery in our community with the infusion of new resources to enhance quality through program design, centers of excellence, and innovative models of care,” said Karen Murphy, Chief Executive Officer of Moses Taylor Health Care System. “Creation of a collaborative healthcare delivery system will ultimately better serve our community, patients, physicians and employees.”
Physician, board and executive leaders from Moses Taylor and Regional Hospital of Scranton will soon begin to collaborate on a strategic plan. New resources along with new cooperation and coordination among providers will support a health care system in Scranton that is responsive to community need.
“We appreciate the support we have received so far, and with the resources now available, look forward to building on the quality of care we deliver,” said Mary Finan Sewatsky, M.D., Director of Patient Safety and Quality. “We will be a stronger healthcare system and will look to enhance quality through program design, centers of excellence and innovative models of care.”
Prior to finalizing the transaction, the sale was approved by the Pennsylvania Attorney General.
About Moses Taylor Hospital
Moses Taylor Hospital is a community-based health care network with a tradition of providing quality, cost-effective and convenient care to residents of Northeastern Pennsylvania for more than 119 years. Moses Taylor Hospital is a patient-focused health care facility utilizing the latest technologies and services, with one goal in mind – keeping families healthy and well.
About Mid-Valley Hospital
Founded in 1912, Mid-Valley Hospital is designated as a rural facility, one of eleven Critical Access Hospitals in Pennsylvania. The facility is licensed for 25 beds which provide acute and transitional or sub-acute care.