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Geisinger becomes the first member of Risant Health

DANVILLE, Pa. & EGG HARBOR TOWNSHIP, N.J. – Geisinger and AtlantiCare have reached an agreement on the structure of a future relationship between the two organizations.

Geisinger and AtlantiCare have agreed in principle to a relationship in which Geisinger will no longer serve as the parent organization of AtlantiCare.  Both systems will continue to collaborate on joint projects and initiatives like the New Jersey campus of the Geisinger Commonwealth School of Medicine.

This mutual agreement includes a number of conditions for closing and may take six to 18 months to finalize. Until this process is complete, AtlantiCare remains a part of the Geisinger system. Additionally, as a result of the mutual agreement in place, all claims in the federal lawsuit Geisinger filed against AtlantiCare in January have been withdrawn. The proposed agreement, if completed, is expected to have no impact on patients, patient care, employees, facilities and the local communities served by the respective health systems.

Both organizations released the following joint statement:
“Throughout this process, both Geisinger and AtlantiCare have been guided by the desire to do what is best for the people and communities we serve in Pennsylvania and New Jersey.  We believe this agreement best supports the long-term health and wellness of our communities and makes the best use of our non-profit resources today and into the future. We remain committed to working together to ensure the continued delivery of high-quality health care services.”


About AtlantiCare
AtlantiCare is an integrated healthcare system based in Egg Harbor Township, New Jersey, whose more than 6,000 staff, providers and volunteers serve the community in more than 100 locations in Atlantic, Burlington, Camden, Cape May and Ocean counties of southern New Jersey. Its vision of building healthy communities together drives its mission of making a difference in health and healing, one person at a time, through caring and trusting relationships. A Malcolm Baldrige National Quality Award winner, AtlantiCare was also included in Modern Healthcare’s Best Places to Work. AtlantiCare Regional Medical Center was the 105th hospital in the nation to attain the American Nurses Credentialing Center’s Magnet™ designation in 2004 and earned redesignation in 2008, 2013, in 2018. Over the past decade, AtlantiCare has had one of the strongest operating margins of healthcare systems in New Jersey. Learn more at atlanticare.org or 1-888-569-1000.

About Geisinger
Geisinger is among the nation’s leading providers of value-based care, serving 1.2 million people in urban and rural communities across Pennsylvania. Founded in 1915 by philanthropist Abigail Geisinger, the non-profit system generates $10 billion in annual revenues across 134 care sites - including 10 hospital campuses, and Geisinger Health Plan, with 600,000 members in commercial and government plans. The Geisinger College of Health Sciences educates more than 5,000 medical professionals annually and conducts more than 1,400 clinical research studies. With 26,000 employees, including 1,600 employed physicians, Geisinger is among Pennsylvania’s largest employers with an estimated economic impact of $14 billion to the state’s economy. On March 31, 2024, Geisinger became the first member of Risant Health, a new nonprofit charitable organization created to expand and accelerate value-based care across the country.  Learn more at geisinger.org or connect with us on Facebook, Instagram, LinkedIn and X.

 
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For media inquires:

Matthew Van Stone
Media Relations Director

570-808-3344
mrvanstone1@geisinger.edu

For media inquiries:

Jennifer Tornetta
Director, Media Relations and Public Affairs

609-569-7010
jennifer.tornetta@atlanticare.org

 

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