— Princeton HealthCare System (PHCS) and its affiliates, including University Medical Center of Princeton, Princeton House Behavioral Health, Princeton HomeCare and the Princeton Medicine physician network, are now part of the University of Pennsylvania Health System (UPHS), one of the world’s leading academic medical centers.
UPHS and PHCS leaders announced the transaction today, after receiving all necessary regulatory approvals. The plan was first announced in December 2016.
“The joining together of Princeton HealthCare System and Penn Medicine represents an exciting new chapter in Penn Medicine’s growth. PHCS has an impressive reputation for providing high-quality care to patients close to home, and innovating in many types of community-based health and wellness initiatives,” said Ralph W. Muller
, CEO of the University of Pennsylvania Health System. “Now, we can offer a powerful partnership to patients throughout the region PHCS serves, continuing the services they already depend on, coupled with access to world-class care for complex conditions and innovative clinical trials available at Penn Medicine.”
The University of Pennsylvania Health System includes five highly regarded hospitals in Pennsylvania as well as primary and specialty physician networks and outpatient facilities, home and hospice services. The Hospital of the University of Pennsylvania (HUP) and Penn Presbyterian Medical Center have together been consistently recognized as an Honor Roll Hospital in the U.S. News & World Report
Best Hospitals rankings, including the past four years in the nation’s top 10 hospitals. The University of Pennsylvania Health System is part of Penn Medicine, along with the Raymond and Ruth Perelman School of Medicine, which consistently ranks in U.S. News & World Report
’s top five medical schools and among the nation’s five leading medical schools for National Institutes of Health funding.
Ralph W. Muller, CEO, UPHS; Barry S. Rabner, president and CEO, Penn Medicine Princeton Health; Kim J. Pimley, Chair, Penn Medicine Princeton Health Board of Trustees; Peter Cantu, Mayor, Plainsboro Township, NJ; and J. Larry Jameson, dean of the Perelman School of Medicine and executive vice president of the University of Pennsylvania for the Health System
“This is a significant day in our history, and we look forward to being an even stronger organization, clinically and financially, as we continue to fulfill our almost century-old mission of serving this community,” said PHCS President and CEO Barry S. Rabner
. “We could not ask for a better partner than Penn Medicine. Members of our community will continue to receive high-quality care right here, close to home. They also will benefit from easier access to the latest medical breakthroughs, clinical trials, cutting-edge technologies and specialized clinical expertise – both here and elsewhere in the Penn Medicine system.”
PHCS, founded in 1919 and located about 40 miles north of Philadelphia, provides a wide range of inpatient and outpatient hospital care, behavioral health and addiction services, rehabilitation, in-home nursing, hospice care and fitness and wellness services to more than 1.3 million people in central New Jersey. University Medical Center of Princeton (UMCP), was ranked in the top 20 hospitals of the New York metropolitan region in U.S. News & World Report
’s 2017-2018 Best Hospital rankings.
As part of this transaction, the names of PHCS and its affiliates will change. The system will be Penn Medicine Princeton Health. The hospital’s new name will be Penn Medicine Princeton Medical Center. Click here
to see all the new names and logos.
Ralph W. Muller and Barry S. Rabner share a handshake to solidify this "powerful partnership"
PHCS employs approximately 3,000 staff and has an active medical staff of more than 1,100 physicians. Like each of Penn Medicine’s hospitals, PHCS also shares a proud tradition of nursing excellence, having achieved Magnet®
status, the highest institutional recognition available for nursing excellence. PHCS announced in June 2015 that it would begin evaluating partnership opportunities to ensure its continued success in the future and in July of 2016, executed a Letter of Intent with UPHS. The move to join Penn Medicine comes following PHCS officials’ consideration of 17 potential partners.
“Our Trustees engaged community members, physicians and employees in a thorough, two-year process to evaluate and select a partner,” said Kim Pimley
, Chairman, PHCS Board of Trustees. “In Penn Medicine, we found a partner that shares our values. Together, we can make world-class care more accessible to the people in the communities we serve. We are delighted to begin a shared future with Penn Medicine.”
Penn Medicine is one of the world’s leading academic medical centers, dedicated to the related missions of medical education, biomedical research, excellence in patient care, and community service. The organization consists of the University of Pennsylvania Health System and Penn’s Raymond and Ruth Perelman School of Medicine, founded in 1765 as the nation’s first medical school.
The Perelman School of Medicine is consistently among the nation's top recipients of funding from the National Institutes of Health, with $550 million awarded in the 2022 fiscal year. Home to a proud history of “firsts” in medicine, Penn Medicine teams have pioneered discoveries and innovations that have shaped modern medicine, including recent breakthroughs such as CAR T cell therapy for cancer and the mRNA technology used in COVID-19 vaccines.
The University of Pennsylvania Health System’s patient care facilities stretch from the Susquehanna River in Pennsylvania to the New Jersey shore. These include the Hospital of the University of Pennsylvania, Penn Presbyterian Medical Center, Chester County Hospital, Lancaster General Health, Penn Medicine Princeton Health, and Pennsylvania Hospital—the nation’s first hospital, founded in 1751. Additional facilities and enterprises include Good Shepherd Penn Partners, Penn Medicine at Home, Lancaster Behavioral Health Hospital, and Princeton House Behavioral Health, among others.
Penn Medicine is an $11.1 billion enterprise powered by more than 49,000 talented faculty and staff.