Danville, Pa.-based Geisinger Health System has plans to purchase Scranton, Pa.-based The Commonwealth Medical College, reports The Citizens’ Voice.
The new medical school will be dubbed the Geisinger Commonwealth College of Medicine.
Geisinger President and CEO David Feinberg, MD, and TCMC President and Dean Steven Scheinman, MD, will officially announce the deal during a conference at the medical school Sept. 28.
Though Geisinger’s board and TCMC’s board have approved the acquisition, it still awaits regulatory approval. The deal is expected to be complete by Jan. 1, 2017.
TCMC, which currently has 480 students, opened its doors in 2009. By 2011, the Liaison Committee on Medical Education put it on probation due to financial struggles. Though TCMC considered affiliating with the University of Scranton (Pa.), talks dissolved in 2012. The LCME lifted its probation a few months later.
HENRY KOTULA 