Reading Health System signs agreement to purchase 5 hospitals

WEST READING, Pa. - The Reading Health System, which operates Reading Hospital, has signed an agreement for a major expansion. It's about to acquire five hospitals in Pennsylvania.

This deal is still subject to regulatory approvals, but if all goes as planned, officials with the Reading Health System said they will serve 2.5 million people.

The five hospitals involved in the deal are currently operated by Tennessee-based Community Health Systems.

Reading Health said it has signed an asset purchase agreement to acquire Brandywine Hospital, Jennersville Regional Hospital and Phoenixville Hospital in Chester County, Pottstown Memorial Medical Center in Montgomery County and Chestnut Hill Hospital in Philadelphia.

The transaction is expected to close this summer.

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