As the Einstein Health Network, which includes Einstein Medical Center Montgomery in East Norriton prepares to merge with Philadelphia’s Jefferson Health, the CEOs of both institutions are describing the deal not as a financial boon, but as a way to further health care innovation in the region.

Asked why Einstein felt it needed to find a merger partner at this time, Einstein Healthcare Network President and CEO Barry Freedman said the opportunity to merge with Jefferson is about “combining the clinical excellence of two leading organizations to create a unique, forward-looking model for care, education and research in the region,” writes John George at bizjournals.com.

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Jefferson CEO Dr. Stephen Klasko, prior to the signing of the merger’s letter of intent, said he believed the proposed merger should be the least surprising of Jefferson’s many deals given the long-term relationship the two organizations have shared in physician training and more recently clinical services.

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