Hospital announced today it will soon become affiliated with
PinnacleHealth through an acquisition agreement that includes the sale of the
hospital and its associated assets. A total of four hospitals are being sold as
part of the agreement including, Lancaster Regional Medical Center in
Lancaster, Heart of Lancaster Regional Medical Center in Lititz and Carlisle Regional Medical
Center in Carlisle.
purchase agreement includes a commitment from PinnacleHealth to offer
employment to all active employees in good standing when the transaction is
will continue for all physicians in good standing on the medical staff. Continued commitment to construct a new,
replacement hospital at the site of the former Hawk Lake Golf Course in West
Manchester Township is also outlined in the agreement.
“Memorial Hospital has a proud history of caring for area
residents when they are sick or injured,” said Sally Dixon, chief executive
officer of Memorial Hospital. “We are pleased that the agreement with
PinnacleHealth includes a continued commitment to construct a new, replacement
hospital that will support a healthy future for our community.”
been a leading provider of inpatient and outpatient healthcare services in
central Pennsylvania for more than 140 years. Its three acute-care hospitals serve a five-county
region through their commitment to providing patient-centered, nationally
recognized care at a lower cost. PinnacleHealth invests in its
facilities, technology and physicians to provide patients
with access to the most advanced treatment options, while its net operating
revenue continues to grow and exceeds $1 billion.
“Memorial Hospital and
PinnacleHealth share a commitment to improving the health of our communities.
Aligning the hospital’s resources and assets with PinnacleHealth will combine
our strengths and create an even stronger system that continues to offer
personalized care and quality healthcare services locally,” said Phil
Guarneschelli, President and CEO of PinnacleHealth System.
is expected to close this summer, subject to customary regulatory approvals and
closing conditions. Until the transaction is complete, current ownership
remains in place. Future updates will be available on Memorial Hospital's website at www.mhyork.org.