Jefferson and Main Line buy Montco surgical hospital
The two health systems bought a majority stake in Physicians Care Surgical Hospital in Royersford for an undisclosed price.
Jefferson Health System and Main Line Health have teamed up to buy a majority stake in Physicians Care Surgical Hospital in Royersford, the two health systems said this week. The price was not disclosed.
Other partners in the specialty hospital are the Rothman Institute, which announced in 2012 that it was buying a 35 percent interest in Physicians Care, and NueHealth, which manages the facility.
Main Line and Jefferson are co-owners of the Delaware Valley Accountable Care Organization, which is designed to allow the providers to benefit financially if they figure out ways to provider lower cost and higher-quality care. Owning surgical hospitals makes it easier for the health systems to move procedures to settings that have lower costs than hospitals.
Jefferson paid $67 million last June to gain a controlling stake in the Rothman Orthopedic Specialty Hospital in Bensalem.