P.O Box 15118
325 South Belmont Street
York, Pennsylvania 17405

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Memorial Hospital To Affiliate with PinnacleHealth

Memorial 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.

The purchase agreement includes a commitment from PinnacleHealth to offer employment to all active employees in good standing when the transaction is complete. Privileges 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.”

PinnacleHealth has 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.

The transaction 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.