SKOKIE, Ill. – September 14, 2018 – Einstein Healthcare Network and Jefferson Health entered into a binding Definitive Agreement, legally binding the ideas and commitments described in the Letter of Intent, which the two organizations signed in March 2018. The merger will bring together two historically linked academic medical centers whose shared vision is to improve the lives of patients and their communities.
Kaufman Hall is serving as the exclusive strategic and financial advisor to Einstein Health Network on the transaction.
“Today, the signing of the Definitive Agreement between Einstein and Jefferson brings us one step closer to merging into a single healthcare system,” said Barry R. Freedman, President and Chief Executive Officer of Einstein Healthcare Network. “Both organizations have a long and storied history in this region and we are excited to bring together our shared vision for delivering high-quality, affordable healthcare and providing exceptional education and training to the physicians of tomorrow.”
With the Definitive Agreement in place, Einstein and Jefferson will move forward in seeking all necessary state and federal regulatory clearances.
To learn more about how Kaufman Hall is assisting healthcare organizations with mergers, acquisitions, and other strategic partnerships, contact Andre Maksimow at 224.724.3159.
About Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.
Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.
Kaufman Hall software includes the Axiom Healthcare Suite, providing sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting deliver decision support, reporting, and analytics within an integrated software platform. Kaufman Hall's Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.