More on Mergers & Acquisitions

Hackensack Meridian Health completes acquisition of JFK Health

The system also announced $12 million investment in JFK Medical Center cardiac catheterization lab.

Beth Jones Sanborn, Managing Editor

Credit: JFK Medical Center

New Jersey healthcare giant Hackensack Meridian Health has announced the completed acquisition of JFK Health, an Edison-based system.

JFK Health includes the 499-bed JFK Medical Center in Edison, as well as inpatient and outpatient rehabilitation centers, nursing facilities and other services like JFK's Neuroscience Institute, which offers advanced treatment for adult and pediatric neurological conditions.

[Also: Tracking 2017 mergers and acquisitions]

JFK Health's JFK Medical Center will become Hackensack's 16th hospital, an acute care facility that spans both Bergen and Ocean counties. It's other two academic medical centers are Hackensack University Medical Center in Hackensack and Jersey Shore University Medical Center in Neptune.

In addition to the merger, Hackensack also announced a $12 million investment to expand the cardiac catheterization lab at JFK Medical Center. The project will add a treatment suite that will consolidate non-invasive cardiac diagnostic services like echocardiograms, EKG and vascular studies into one location, Hackensack said in a statement.

[Also: JFK Health, Hackensack Meridian Health in New Jersey to merge, systems announce]

The system's said that merging makes them the biggest system in New Jersey, outgrowing Robert Wood Johnson University Health and Barnabas Health, which merged into RWJ Barnabas in 2016.

Hackensack and JFK first announced the deal last November. Then in May, the plans were confirmed pending regulatory approval.

With the addition of JFK, Hackensack Meridian Health now employs nearly 33,000 team members, 6,500 staff physicians and 4,520 beds. In total, the network now boasts more than 160 patient care locations that also include ambulatory surgery centers, home care, long-term care, assisted living facilities and other sites.

The newly-expanded network also touts two children's hospitals: Joseph M. Sanzari Children's Hospital in Hackensack and K. Hovnanian Children's Hospital in Neptune, as well as nine community hospitals: Ocean Medical Center in Brick, Riverview Medical Center in Red Bank, Mountainside Medical Center in Montclair, Palisades Medical Center in North Bergen, Raritan Bay Medical Center in Perth Amboy, Southern Ocean Medical Center in Manahawkin, Bayshore Medical Center in Holmdel, Raritan Bay Medical Center in Old Bridge, Pascack Valley Medical Center in Westwood. Two rehabilitation hospitals, JFK Johnson Rehabilitation Institute in Edison, and Shore Rehabilitation Institute in Brick, also help make up the network.

Twitter: @BethJSanborn
Email the writer: