From the Philadelphia Business Journal:
Frankford Health Care System and the Jefferson Health System signed a realignment agreement Thursday under which Frankford will remain “closely affiliated” with Jefferson, but will no longer be part of the system.
Based in Northeast Philadelphia, Frankford operates hospitals in the Frankford and Torresdale sections of the city along with a Bucks County hospital in Falls Township. Frankford is exploring building a replacement hospital for its Bucks County medical center in Lower Makefield.
The two organizations in a joint statement said, “The decision to realign came after thorough reviews by both organizations, which resulted in the determination that the [Frankford and Jefferson health systems] could best serve their respective communities as independent organizations which maintain substantial business and clinical ties. The realignment will have no effect on the services provided by Frankford Health Care System to its patients.”
The realignment requires regulatory approval and is not expected to become effective before the end of 2008.
The Philadelphia-based Albert Einstein Healthcare Network dropped out of the Jefferson Health System Sept. 30.
The remaining members of the Jefferson Health System are Main Line Health, Thomas Jefferson University Hospitals and Magee Rehabilitation Hospital.