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mutual agreement in place, all claims in the federal lawsuit Geisinger filed against AtlantiCare in January have been withdrawn.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.”
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.
Geisinger is committed to making better health easier for the more than 1 million people it serves. Founded more than 100 years ago by Abigail Geisinger, the system now includes 10 hospital campuses, a health plan with more than half a million members, a Research Institute and the Geisinger Commonwealth School of Medicine. With nearly 24,000 employees and more than 1,700 employed physicians, Geisinger boosts its hometown economies in Pennsylvania by billions of dollars annually. Learn more at Facebook, Instagram, LinkedIn and Twitter.