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Geisinger, Evangelical reach investment agreement

Geisinger, Evangelical Community Hospital and the Department of Justice announced on Wednesday that the three parties have reached an agreement on a proposed final judgment to allow Geisinger to maintain an investment in Evangelical.

According to a news release from Geisinger, the judgment resolves the underlying Department of Justice lawsuit filed in August 2020.

“We are pleased to have worked with the Department of Justice to develop a resolution that allows us to maintain our investment in the health of this community,” said Matthew Walsh, executive vice president and chief operating officer at Geisinger, according to the news release. “We are grateful that the Department of Justice acknowledges the investments Geisinger has made to Evangelical to date and we look forward to our continued work on projects that will benefit patients and the community at large.”

Under terms of the agreement, which are pending a public comment period and final court decision in the U.S. District Court for the Middle District of Pennsylvania later this year, Geisinger would maintain an investment in Evangelical.

Since the original minority investment was announced on Oct. 1, 2018, Geisinger has made investments in programs that enhance the health and wellness of the Lewisburg community and surrounding areas, the news release said. This investment will support expanded access to high-quality care close to home and furthers Geisinger’s commitment to make better health easier in the communities it serves.

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