The board of directors of Conemaugh Health System has selected Duke LifePoint Healthcare as its partner to position West Central Pennsylvania's largest health system to thrive in the coming decades, officials announced today.
Founded in 2011, Duke LifePoint, a national leader with an excellent reputation for quality care, education, operations excellence and financial strength, is an innovative joint venture of Duke University Health System and LifePoint Hospitals. The board and Duke LifePoint have signed a letter of intent under which Duke LifePoint will acquire the health system. Under the terms of the letter of intent, Duke LifePoint has agreed to invest more than half a billion dollars over the next ten years to strengthen and grow Conemaugh Health System.
"Today's announcement marks a banner day for our community," said Ron Vickroy, chairman of the Conemaugh Health System board of directors. "Through a thoughtful, deliberate exploration process, our board's goal was to find a partner that would strengthen quality and access to care, as well as bring substantial investment and resources to our community. We believe that Duke LifePoint is the perfect fit, and we are thrilled to move forward together."
Duke LifePoint's acquisition will include Conemaugh Health System's three hospitals, outpatient centers and Conemaugh Physician Group practices.
"We're honored to be selected as Conemaugh's health care partner," said William F. Carpenter III, chairman and chief executive officer of Life Point Hospitals. "Conemaugh is an excellent health system with an unwavering commitment to its patients, employees and physicians. We look forward to exploring this potential partnership and working with Conemaugh to further strengthen and advance health care throughout this region.
With a desire to advance health care in the region and remain strong for generations to come, Conemaugh's board spent many months evaluating the system's strengths, unique qualities, vision for the future and role as an economic engine in the West Central Pennsylvania region. Ultimately, the board decided that the organization could be stronger if it partnered with a like-minded organization.