Regional economic benefits: As a for-profit system, Duke LifePoint's relationship with Conemaugh will bring much-needed tax revenue to the community. The partnership is also expected to launch investments in construction projects, bringing the potential for additional constructionjobs to the community.
"Like Conemaugh, Duke LifePoint has an excellent reputation for clinical quality and safety and is dedicated to educating the next generation of medical professionals," said William Carney, M.D., general surgeon and chief medical officer of Conemaugh Physician Group. "This partnership is great news for our patients, our medical staff, employees and the West Central Pennsylvania region."
Pending review by state authorities and subject to customary closing conditions, the transaction is expected to close in the fall of2014. A special website has been developed for information about this partnership:
About Conemaugh Health System
Conemaugh Health System is the largest healthcare provider in west central Pennsylvania, serving over a half million patients each year through the Conemaugh Physician Group and Medical Staff, a network of hospitals, specialty clinics and patient focused programs. Conemaugh's 4,500+ employees and 350+ physicians are committed to excellence and repeatedly earn state and national recognition for exceptional clinical outcomes. Conemaugh Memorial Medical Center, the system's flagship hospital, provides sophisticated technology, the highest levels of trauma and neonatal intensive care and a committed history of training tomorrow's physician, nurses and allied health providers. For more information on Conemaugh, visit us at www.conemaugh.org or follow us on Facebook.
About Duke LifePoint
Duke LifePoint Healthcare, ajoint venture of Duke University Health System, Inc. and LifePoint Hospitals®(NASDAQ: LPNT), was established to build a dynamic network of hospitals and health care providers. The joint venture, which brings together LifePoint's experience in community-based hospital management and Duke's world-renowned leadership in clinical service, is strengthening and improving health care delivery by providing community hospitals the clinical, quality and operational resources they need to grow and prosper. For additional information, visit www.dukelifepointhealthcare.com.