Sign In
Upcoming Event
Free Newsletter
St. Luke’s to acquire Easton Hospital from Steward Health Care
Stacy Wescoe//June 3, 2020//
Listen to this article
St. Luke’s University Health Network of Bethlehem, said it will acquire the financially struggling for-profit Easton Hospital.
St. Luke’s will be acquiring the hospital and its affiliated physician practices and physician residency programs from Steward Health Care of Dallas, which has owned the 125-year old hospital since 2017.
Steward Health Care is the largest private physician-led health care network in the United States. It operates 35 hospitals in the United States and the country of Malta.
Ownership will transfer to St. Luke’s on July 1.
“Integrating an existing hospital into a health network can be challenging, even during the best of times, let alone during a global pandemic. However, St. Luke’s has always welcomed challenges,” said Richard A. Anderson, president & CEO of St. Luke’s in a release. “We stepped away from discussions with Steward in early March to appropriately focus on the epidemic and the treatment of COVID-19 patients. After careful consideration, we again re-engaged in discussions with Steward in late April. After diligent evaluation and thoughtful discussion, our board of trustees felt that the acquisition of Easton Hospital was the right thing to do for the health and wellbeing of the Easton community in spite of recent media reports and predictions of Easton Hospital’s demise.”
The acquisition, which was approved by the St. Luke’s Board of Trustees, is still subject to certain conditions, including review and approval by various regulatory agencies.
