Skip to content

St. Joseph’s College publicizes merger with Pennsylvania Faculty of Well being Sciences

Lower than a yr after St. Joseph’s College merged with the College of the Sciences, the Catholic faculty Wednesday introduced plans to merge once more, this time permitting it so as to add nursing applications, which has lengthy been a purpose.

St. Joe’s mentioned it has a “definitive settlement” to merge with the Pennsylvania Faculty of Well being Sciences in Lancaster, the college based by Lancaster Normal Hospital, which is the most important hospital in Lancaster County and now owned by the College of Pennsylvania.

Over the subsequent yr, the 2 non-public establishments will plan for integration, with the merger to take impact subsequent January following needed accreditation and authorities approvals, the colleges mentioned in a information launch.

» READ MORE: The satan is lifeless. . The hawk lives on. USciences is formally a part of St. Joseph’s College.

With a primary campus that straddles Philadelphia and Decrease Merion and a second campus in College Metropolis, St. Joe’s enrolls 7,863 college students, whereas Pennsylvania Faculty has almost 2,000 college students.

St. Joe’s mentioned the merger will broaden its campus past Philadelphia and add greater than 20 nursing and allied well being applications to its tutorial roster. The applications vary from the certificates degree to the doctoral degree, the college mentioned.

“It has lengthy been our technique so as to add nursing to our record of choices for our college students,” St. Joe’s Interim President Cheryl A. McConnell mentioned in an announcement.

Mary Grace Simcox, president of the Lancaster school, additionally touted the advantages.

“By turning into a part of Saint Joseph’s, we now have a rare alternative to proceed PA Faculty’s valued position within the schooling {and professional} improvement of the regional healthcare workforce whereas increasing the geographic and demographic attain of its critically wanted nursing and allied well being applications,” she mentioned in an announcement.

Based in 1903 as a nursing faculty, Pennsylvania Faculty did not grow to be a school till 2001 and did not obtain Center States Fee on Increased Schooling accreditation till 2006. It awarded its first bachelor’s in nursing in 2009 and took on its present title. Penn acquired it in 2015, when the faculty additionally started providing graduate programs.

» READ MORE: St. Joe’s explores promoting or leasing some or all of former USciences campus

The faculty, which had $38 million in income in fiscal 2021, has vital monetary ties to Penn Medication, in keeping with its audited monetary assertion for the yr ended June 30, 2021. As of that date, the faculty owed Penn’s Lancaster Normal $60.8 million. Faculty workers take part in a Penn Medication Lancaster Normal retirement plan and the faculty’s investments are combined in with Penn’s funding fund.

St. Joe’s has been in talks a few potential merger with the faculty since 2020, a yr earlier than the proposed merger with College of the Sciences was introduced, mentioned Liz Kennedy Walsh, a St. Joe’s spokesperson. However the talks grew extra severe final summer time, she mentioned. 5 boards needed to vote on the plan — these of the 2 schools, in addition to these at Lancaster Normal, Penn and Penn Medication — Walsh mentioned.

She declined to reveal monetary phrases of the deliberate merger.

» READ MORE: St. Joe’s president publicizes his departure lower than a month earlier than merger is last

The announcement comes as St. Joe’s continues to seek for its subsequent president. Mark C. Reed, who championed the merger concept, left in October to grow to be president of Loyola College Chicago, one other Jesuit college, and McConnell, then his provost, stepped in as interim.

Reed was on the helm when St. Joe’s introduced in 2021 that it was contemplating a merger with US sciences, which was 5 miles away. The merger was anticipated to extend St. Joe’s enrollment to greater than 9,000 undergraduate and graduate college students, its endowment to an extra of a half-billion {dollars}, its working funds to greater than $300 million and its property to $1.2 billion.

However in the course of the pandemic, St. Joe’s, like different universities, misplaced enrollment. The variety of college students grew this fall due to the merger, which took impact June 1, however with out the merger, the college has mentioned its enrollment would have been down.

McConnell oversaw the brand new merger settlement with the Lancaster school whereas having her interim position. She is just not a candidate for the everlasting president’s job, Walsh mentioned.

Requested if St. Joe’s was contemplating some other mergers, Walsh mentioned there’s nothing else within the works.

.

Leave a Reply

Your email address will not be published. Required fields are marked *