Hackensack Meridian and JFK Health merger focuses on population health
Hackensack Meridian Health and JFK Health signed a definitive agreement to merge last week, creating a
combined entity with 15 hospitals throughout New Jersey.
The deal, pending governmental and regulatory review, would combine the Hackensack Meridian system and JFK Health’s not-for-profit hospital in an effort to expand patient access and deliver better outcomes by focusing on population health, according to the companies. Financial terms of the deal were not disclosed. Both organizations are based in Edison, N.J.
The merger will help Hackensack Meridian bolster its ambulatory network that already spans a variety of specialties across 120 centers, which is the “future of healthcare,” said John Lloyd, co-CEO of Hackensack Meridian Health. Fewer patients are going to hospitals and instead choosing outpatient facilities where they can get more affordable and efficient treatment, he said.
Hackensack and JFK executives say the combined share of the companies’ ambulatory and home healthcare networks will allow them to reduce costs and improve quality by bundling care.
The combined entity would employ more than 33,000 team members and 7,000 physicians on staff.