Fresh off the announcement that it completed the acquisition of Philadelphia University, Jefferson has some more news: an eight-year partnership with Boston-based GE Healthcare.

In what the organization calls a “risk-sharing relationship,” GE staff and equipment will be deployed at 13 area hospitals with one goal in mind: spot areas where GE can help cut cost and reduce inefficacies. The projected size of expenses that could be cut is in the $500 million to $1 billion range, according to the company.

As Philly.com reports, about 200 GE staffers will be joining the effort: 100 of those directly at Jefferson network hospitals. Seventy Jefferson staffers will transfer over to work as GE employees as part of the deal.

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