Hackensack (N.J.) University Health Network and Meridian Health, Neptune, N.J., have signed a preliminary agreement to merge into a regional mega-system.
The new organization has set its sights on ambitious plays into the commercial insurance market. The new system, called Hackensack Meridian Health, will have nine acute-care hospitals and two children’s hospitals, according to officials. Meridian is also in the process of adding Raritan Bay Medical Center, a two-campus hospital system with locations in Perth Amboy and Old Bridge, N.J. Pending regulatory approval, Hackensack Meridian Health will be the largest health system in New Jersey with about $3.5 billion in annual revenue.