New Jersey’s recently merged Hackensack Meridian Health signed a letter of intent with JFK Health, a 498-bed, full-service, not-for-profit community hospital in central New Jersey, for “a potential affiliation.”
If the merger with JFK Health is achieved, Hackensack Meridian will have 15 hospitals and more than 150 facilities, including the JFK Neuroscience Institute and the JFK Johnson Rehabilitation Institute.
Raymond Fredericks, CEO and president of JFK Health, said his organization had been considering a partnership for a year and decided on Hackensack Meridian because of its commitment to population health and community-based health care.
Bob Garrett, co-CEO of Hackensack Meridian, said the health system would make investments in the community JFK health serves, adding that it would “offer new clinical programs and expand existing ones.”
Financial terms of the agreement are still in discussion.
Our Take: New Jersey’s hospital sector may be evolving faster than any other state. In March, RWJ Barnabas Health announced the completion of their merger; with 17 hospitals, the system now reaches half the state. In April, Rutgers University announced it was forming Rutgers Health, a collaborative statewide network of physicians, physician's assistants, nurses and other allied health professionals. And in June—just five months ago—Hackensack University Health Network and Meridian Health announced that they would merge, vaulting the combined entity into a Top 50 IDN.
In September 2015, Horizon Blue Cross and Blue Shield of New Jersey announced “a unique, first-of-its-kind statewide alliance” known as the OMNIA Health Alliance. At the time, Horizon said that OMNIA would be launching “a new suite of products” for employers that will offer lower premiums and reduced out-of-pocket expenses for consumers. OMNIA includes Hackensack Meridian and RWJ Barnabas, as well as Atlantic Health System, Hunterdon Healthcare, Inspira Health and the Summit Medical Group.
Atlantic Health and Hunterdon have been partners in the Mid Jersey Health Alliance since 2013.