By Lena H. Sun
Washington Post Staff Writer
Wednesday, November 3, 2010; 12:48 PM
Sibley Memorial Hospital has officially joined the Baltimore-based Johns Hopkins health system, giving the world-class academic medical center its first foothold in the District, officials announced Wednesday.
A news release Wednesday from Hopkins said executives from the two hospitals held a formal signing Monday. The District health department approved last week Hopkins's acquisition of Sibley.
Under terms of the transaction, which does not involve any financial exchange, Sibley has become a wholly owned subsidiary of Hopkins. Sibley will keep its commitment to the local community, its existing medical staff and physician organization, its name, current leadership and board of trustees.
In a statement, Ron Peterson, president of Johns Hopkins Hospital and Health System, said partnering with Sibley is a strategic and philosophical decision. "Sibley is strong financially, very highly regarded in its community and located in the nation's capital," he said. "Having it as part of the Hopkins family provides us the critical mass to better position ourselves to provide an integrated, regional approach to care, which we anticipate the future will demand."
Day-to-day operations are not expected to change, although Sibley is likely to gain comprehensive cancer facilities, a new women's health-care program, expanded geriatric services and greater access to clinical trials, according to documents filed by Hopkins with the health department.
The Hopkins system includes Howard County General Hospital in Columbia and Suburban Hospital in Bethesda, which Hopkins acquired last year.