Princeton HealthCare System to Join University of Pennsylvania Health System
The Executive Committee of the University of Pennsylvania Board of
Trustees has approved plans for Princeton HealthCare System (PHCS) to
become a part of the University of Pennsylvania Health System. The
University's action follows an enthusiastic approval from the Penn
Medicine Executive Committee and the Princeton HealthCare System Board.
The agreement is contingent upon agreed upon closing conditions,
including final approval by state and federal authorities which will be
provided with extensive materials related to the proposed transaction.
Founded in 1919 and located 40 miles northeast of Philadelphia,
Princeton HealthCare System is a 429-bed, integrated health care system
that provides a wide range of inpatient and outpatient care, as well as
behavioral health care and home care, to the residents of Central New
Jersey. PHCS serves more than 1.3 million people in a growing area of
the state. Its state-of-the-art hospital, University Medical Center of
Princeton (UMCP), opened in 2012 and is located on a 171-acre health
care campus in Plainsboro, New Jersey. PHCS has earned both regional and
national accolades for high quality care: in U.S. News & World Report's
first-ever Best Hospitals for Common Care ratings, published in 2015,
UMCP was one of only 40 hospitals in the country designated as "high
performing" in every category for which it was rated. In U.S. News'
2016-2017 Best Hospital rankings, UMCP was ranked among the top 20
hospitals in the entire New York metropolitan region. UMCP also earned
an "A" in patient safety in the Fall 2016 Hospital Safety Grades
published by The Leapfrog Group, a national nonprofit organization that
works to improve the safety, quality and affordability of health care.
"We are proud of this exciting opportunity to combine Princeton
HealthCare's strong reputation for providing excellent care in the
community with Penn Medicine's strengths as a national leader in complex
and specialty care," said Ralph W. Muller, CEO of the University of
Pennsylvania Health System. "Aligning with PHCS will offer new
opportunities for Penn Medicine to expand our services in New Jersey,
and enable a mutually beneficial relationship for patients by uniting
options for close-to-home care with coordinated access to Penn
Medicine's world-class advanced medicine."
"Affiliating with the University of Pennsylvania Health System
represents the best means of assuring that PHCS and its affiliates can
continue to fulfill their mission and charitable objectives in the
future," said PHCS President and CEO Barry S. Rabner. "When this
partnership is finalized, members of our community will receive
enhanced high-quality care right here, close to home, and they will
enjoy the added benefit of easier access to the latest medical
breakthroughs, clinical trials, cutting-edge technologies and
specialized clinical expertise here and elsewhere in the Penn Medicine
"PHCS is an impressive organization which plays a crucial role in
ensuring the health of New Jersey residents," said J. Larry Jameson, MD,
PhD, dean of the Perelman School of Medicine and executive vice
president of the University of Pennsylvania for the Health System. "We
look forward to many new initiatives as we join together."
PHCS employs 2,997 staff and has an active medical staff of 1,099
physicians. Like each of Penn Medicine's hospitals, PHCS also shares a
proud tradition of nursing excellence, having achieved Magnet status,
the highest institutional recognition available for nursing excellence.
PHCS announced in June 2015 that it would begin evaluating partnership
opportunities to ensure its continued success in the future and in July
of 2016, executed a Letter of Intent with UPHS. The move to join Penn
Medicine comes following PHCS officials' consideration of 17 potential