Jefferson Said it Would Acquire Einstein Healthcare Over a Year Ago. Why is it Still Pending?January 6, 2020 |
by Harold Brubaker
Thomas Jefferson University signed on the dotted line to buy Fox Chase Cancer Center from Temple University a few weeks ago. But another piece of the vast network Jefferson chief executive Stephen K. Klasko is trying to assemble has not yet fallen firmly into place.
Jefferson’s acquisition of the Einstein Healthcare Network, first announced in March 2018, has been been pending since September of that year, when they signed a definitive agreement. That is longer than it took from a so-called definitive agreement to completion for any Jefferson deal since 2015 — the start of a phase of rapid expansion of the nonprofit from three hospitals in Philadelphia to 14, stretching from Lansdale in Montgomery County to Washington Township in Gloucester County.