Published On : 2019-10-16
Hackensack Meridian Health, a leading not-for-profit health care organization, has recently announced its merger with Englewood Health, an acute care teaching hospital. According to the sources, the deal involves a commitment by Hackensack Meridian to invest $400 million in Englewood Health. This strategic move will open doors for stronger collaborations between these two organizations, which will extend beyond the present clinical as well as academic relationship.
Robert C. Garrett, CEO of Hackensack Meridian Health, said, “Englewood Health and Hackensack Meridian Health have common goals and commitment. We are happy that Englewood wants to join Hackensack Meridian Health.” Garrett believes that Englewood would be a great add-on to the Hackensack Meridian Health’s network. They will together put in the efforts to enhance the well-being of communities by providing cost-effective care, along with quality, clinical excellence, safe outcomes, and excellent experience.
“We need to evolve constantly so that our communities can gain access to high-quality care and improved specialties and services,” said Warren Geller, the President and CEO of Englewood Health. The key objective behind this act is to create the most efficient health system in order to serve the communities. “Over the past few years, huge investments have been made in our facilities and technology due to which our patients are benefiting. We plan to invest in the upcoming advancements,” Geller added. Geller further said that merging with Hackensack Meridian Health would ensure their ability to offer world-class care to the communities in a broad way, accompanied by better resources and innovative technologies available.
Linking of Englewood with Hackensack Meridian’s medical school
An extended relationship with Hackensack Meridian’s medical school will help Englewood to emerge as a tertiary academic hub in the northern New Jersey. Moreover, Englewood Health will gain an advantage by Hackensack Meridian Health’s collaborations with other institutions, including Memorial Sloan Kettering Cancer Center and Carrier Clinic, which is New Jersey’s largest behavioral health provider.
While speaking on this occasion Gordon Litwin, Esq., Co-Chairman of the Hackensack Meridian Health Board of Trustees, said, “We are glad to welcome Englewood Health with open arms.” Hackensack Meridian Health is significantly contributing in promoting the delivery of health care with the help of cutting-edge partnerships and innovation. Litwin is looking forward to taking the next steps to turn this merger into a reality.
Merger to be followed by a broad review
As per the sources, this merger will follow a broad review of clinical, service, regulatory, and financial matters by the two organizations and will go through a regulatory review by the state’s Office of the Attorney General, the Federal Trade Commission, and New Jersey Department of Health prior to the confirmation.
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