Sharon Regional to join Community Health Systems - WFMJ.com News weather sports for Youngstown-Warren Ohio

Sharon Regional to join Community Health Systems

Posted: Updated:

SHARON, Pa. - Sharon Regional Health System has taken the first step toward joining Community Health Systems Inc., the same Tennessee-based group purchased Forum Health in Youngstown and Warren.

Sharon Regional is calling the move a strategic affiliation that's been in the works for some time.

"This is a process our board has been working on for almost a year," says Ed Newmeyer with Sharon Regional. "[We're] evaluating a number of options on strategic partnerships that would best benefit not only the community in which we serve here but Sharon Regional as well."

A major change in the health system would be the designation as a for-profit rather than non-profit.

With 135 hospitals in 29 states, CHS is one of the largest health systems in the country and the partnership can potentially bring an infusion of capital investments in facilities, services and medical technology.

"This is a great opportunity and exciting time for Sharon Regional," Newmeyer says. "It's going to allow us to do so much more and position us very well for the future."

The health system also expects to benefit from the new alliance announced earlier between CHS and the Cleveland Clinic.

For hospital employees, Sharon Regional is non-union, but Newmeyer says one assurance they have from CHS is maintaining workers and the medical staff.

"Sharon Regional will retain all of our employees in good standing with their years of seniority and their current job positions," he says.

At city hall, the city manager supports the health system's decision.

"I'm confident that when they made the decision, they made it with Sharon's best interest in mind," says city manager Scott Andrejchak

The letter of intent signed by the hospital board is just the first step.

"So that just starts the process now of our due diligence period - probably 60 to 90 days - before anything definite is signed," Newmeyer says.

  • More From wfmj.comHot ClicksMore>>

  • North Korean side of DMZ sounds quieter now, even peaceful

    North Korean side of DMZ sounds quieter now, even peaceful

    Wednesday, June 20 2018 10:13 PM EDT2018-06-21 02:13:04 GMT
    (AP Photo/Dita Alangkara). A North Korean soldier marches at the truce village at the Demilitarized Zone (DMZ) which separates the two Koreas in Panmunjom, North Korea, Wednesday, June 20, 2018. Since the summits between North Korean leader Kim Jong Un...(AP Photo/Dita Alangkara). A North Korean soldier marches at the truce village at the Demilitarized Zone (DMZ) which separates the two Koreas in Panmunjom, North Korea, Wednesday, June 20, 2018. Since the summits between North Korean leader Kim Jong Un...
    On the North Korean side of the Demilitarized Zone, the sound of silence is a welcome sign of detente.More >>
    On the North Korean side of the Demilitarized Zone, the sound of silence is a welcome sign of detente.More >>
  • Burger King says sorry for Russian World Cup pregnancy ad

    Burger King says sorry for Russian World Cup pregnancy ad

    Wednesday, June 20 2018 10:12 PM EDT2018-06-21 02:12:40 GMT
    (AP Photo/Gene J. Puskar, File). FILE- This Feb. 1, 2018, file photo shows a Burger King Whopper meal combo at a restaurant in the United States. Burger King says it’s sorry for offering a lifetime supply of Whoppers to Russian women who get pregnant f...(AP Photo/Gene J. Puskar, File). FILE- This Feb. 1, 2018, file photo shows a Burger King Whopper meal combo at a restaurant in the United States. Burger King says it’s sorry for offering a lifetime supply of Whoppers to Russian women who get pregnant f...
    Burger King says it's sorry for an ad in Russia offering a lifetime supply of Whoppers to women who get pregnant from World Cup players.More >>
    Burger King says it's sorry for an ad in Russia offering a lifetime supply of Whoppers to women who get pregnant from World Cup players.More >>
  • The Mouse chases the Fox: Disney makes $71B counteroffer

    The Mouse chases the Fox: Disney makes $71B counteroffer

    Wednesday, June 20 2018 10:12 PM EDT2018-06-21 02:12:29 GMT
    The competition for Fox is heating up, as Disney is boosting its offer for the company to $70.3 billion.More >>
    The competition for Fox is heating up, as Disney is boosting its offer for the company to $70.3 billion.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms