JFK Health and Hackensack Meridian Health, both based in Edison, N.J., announced Tuesday that they have entered into a definitive agreement to merge.
“We are in a major pivot to population health and knew we needed scale to meet the needs of the community, and Hackensack fit that order,” JFK Health’s CEO, Raymond Fredericks, told Modern Healthcare.
If the deal is completed, the resulting combined health system will have 15 hospitals and academic medical centers throughout New Jersey, as well as a network of physician practices, ambulatory surgery centers, home care, long-term care and assisted living facilities, outpatient centers and other facilities. It will also employ more than 33,000 team members and have more than 7,000 physicians on staff.
The transaction is subject to regulatory approval. Financial terms were not disclosed.
Hackensack Meridian Health itself is the product of a recent merger between Hackensack University Health Network and Meridian Health.