Three Suburban Hospitals Holding Discussions To Create Joint Venture

Posted: June 21, 1986

Paoli Memorial Hospital and Main Line Health Inc., which operates Lankenau and Bryn Mawr Hospitals, yesterday said that they were holding "serious discussions" about a joint venture.

If successful, the talks would result in the largest hospital network in the region, with more than 1,200 beds, surpassing the recently announced merger of Graduate Hospital and United Hospitals Inc. That union will result in a 1,013-bed network.

"We haven't signed anything yet," Paoli Memorial president W. Michael Tomlinson said. "But the discussions are serious enough that we thought our employees should know."

Key employees at all three facilities were advised of the talks about a week ago.

"There are still two or three serious issues that have to be worked out," Ralph Moriarty, president of Main Line Health, said. "I don't really think I should say what those are, though."

Paoli Memorial is a 208-bed community hospital on Lancaster Pike in Paoli. Main Line Health, the parent organization for Lankenau and Bryn Mawr Hospitals, was created about two years ago when the suburban hospitals decided to consolidate various administrative and operating functions. The two-hospital system has 994 beds.

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