Hospital announces plans to acquire surgical center
The Reading Hospital is about to expand its capacity to perform specialty surgeries.
The hospital announced Wednesday plans to acquire the Surgical Institute of Reading, which operates an acute care hospital and surgical center in Spring Township.
The acquisition, expected to be complete this summer, is a "perfect fit for The Reading Hospital and Medical Center and a win/win for the community," said Clint Matthews, president and chief executive officer of TRHMC. "By combining SIR's well-deserved reputation for quality, personalized care with TRHMC's clinical and financial strength, we can better assure continued access to outstanding health care delivered by professionals committed to the well-being of our region."
The acquisition will expand TRHMC's clinical capacity in surgical specialties, including orthopaedics, spine surgery, and gynecology, officials said.
Under terms of the agreement, the Surgical Institute of Reading will continue to function as a Joint Commission-accredited acute care hospital and surgical center with 15 beds for overnight patient stays.
The SIR's 125 nursing and support staff members will become employees of The Reading Hospital and Medical Center, officials said. Its medical staff of 27 physicians will remain independent practitioners on TRHMC's medical staff.
"We are excited to be joining a strong and revitalized Reading Hospital, which will allow us to enhance our technology and expand our clinical practice, while ensuring the same high quality and personalized care that has characterized the Institute since our founding," said Dr. John Martin, chairman of the board of the Surgical Institute of Reading.
The Surgical Institute of Reading opened at its current location off Paper Mill Road in 2007. In 2011, volume exceeded 5,000 open, endoscopic, and other minimally invasive procedures.
The acquisition is pending review by the Pennsylvania Department of Health and the Pennsylvania Office of the Attorney General.
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