NEW YORK (S&P Global Ratings) March 25, 2021--S&P Global Ratings said today that Thomas Jefferson University (TJU), Pa.'s potential acquisition of Albert Einstein Healthcare Network (Einstein; not rated) does not immediately affect the rating or outlook on TJU. We believe it is possible that TJU could maintain its current rating post-acquisition, however the final decision depends on the future financial position and trends at TJU and Einstein as well as funding decisions around the planned acquisition of Temple University Health System's 50% ownership of Health Partners Plans (HPP), a Medicaid health maintenance organization that is also owned by TJU and Einstein (25% each). TJU and Einstein signed a definitive agreement to merge on Sept. 14, 2018, and since then have
