What’s next on Atlantic Health’s acquisition list? Columbia Presbyterian? Mass General?
At this rate, the parent company of Morristown Medical Center may have to start looking farther afield; pretty soon it may run out of merger candidates in Jersey.
Hackettstown Regional Medical Center has become the newest member of Atlantic’s ever-growing family, which now includes Overlook Medical Center, Newton Medical Center, Chilton Medical Center and the Goryeb Children’s Hospital.
Here are details, announced Wednesday by Atlantic Health:
ATLANTIC HEALTH SYSTEM, ADVENTIST HEALTHCARE ANNOUNCE HACKETTSTOWN REGIONAL MEDICAL CENTER TRANSFER OF OWNERSHIP
MORRISTOWN, NJ JANUARY 29, 2014 – Atlantic Health System and Adventist HealthCare announced today that the boards of directors of both health care systems have agreed to transfer ownership of Hackettstown Regional Medical Center, a 111-bed acute care hospital, from Adventist HealthCare to Atlantic Health System.
“Adding Hackettstown Regional Medical Center to the Atlantic Health System family is a natural fit,” said Joseph A. Trunfio, President and CEO, Atlantic Health System. “The hospital has served its community and region for decades, and this affiliation will provide patients in the area with expanded access to high quality, specialized services and programs.”
The announcement of the transaction, which is subject to state regulatory review which could span several months, follows the completion of a merger between Atlantic Health System and Chilton Hospital on January 1, 2014.
“Our patients are familiar with the excellent caliber of care and extensive services offered by Atlantic Health System hospitals,” said Jason Coe, President, Hackettstown Regional Medical Center. “Joining the Atlantic Health System family will give the Hackettstown community access to more specialists and services throughout the system, from cardiovascular to neonatal, to oncology, neuroscience and more.”
Adventist HealthCare is a non-profit health organization based in Gaithersburg, Maryland, with five hospitals and numerous other health facilities and expanding services in the Washington, D.C., region, which it has served for more than 100 years. Hackettstown Regional Medical Center is the only Adventist HealthCare facility located in New Jersey.
While Hackettstown Regional Medical Center provides high quality health care services, operating as a community hospital post-health care reform is challenging. Hackettstown Regional Medical Center joining Atlantic Health System would provide clear benefits to the community and help, in coming years, to advance health care in New Jersey. Several benefits include:
Expanded outpatient and preventive medicine services available within the region
Broader patient access to pediatric and other specialty care; clinical trials; and advanced protocols for emergent care, including complex stroke care, the latest cardiac diagnostic and treatment interventions, and advanced neonatal care
Strengthening of the primary care network, making it easier for the hospitals to cope with increased demand for services that health care reform is expected to generate
Expanded evidence-based quality measurement and improvement
Improved quality and increased cost savings through shared services and more efficient use of resources.
Expanded access to a regional health information network
Atlantic Health System, one of the most recognized not-for-profit health care organizations in New Jersey, also owns and operates Morristown Medical Center, Overlook Medical Center, Newton Medical Center, Chilton Medical Center and Goryeb Children’s Hospital. Under Atlantic Health System ownership, Hackettstown Regional Medical Center will remain a non-profit, acute care general hospital.
Atlantic Health System employs 13,400 people throughout northern and central New Jersey, and has 1,599 licensed beds, including those at the Atlantic Rehabilitation in Morristown. Atlantic Health System ranked 25th on FORTUNE Magazine’s 2014 list of “100 Best Companies to Work For,” the highest-ranked hospital system and company based in New Jersey on the list. Hackettstown Regional Medical Center has 111 licensed beds and treated 21,816 patients in its Emergency Department in 2012.
About Hackettstown Regional Medical Center and Adventist HealthCare:
In addition to inpatient and outpatient medical and surgical services, Hackettstown Regional Medical Center has a state-of-the-art Sleep Disorders Center that is accredited by the American Academy of Sleep Medicine; a Respiratory Therapy department that has consistently received the Quality Respiratory Care Recognition Award from the American Association of Respiratory Care; a Wound Healing Center that offers hyperbaric oxygen therapy; the Joan Knechel Cancer Center for inpatient and outpatient infusion and radiation therapy; a Total Joint and Spine Center; a Bariatric Surgery program; a Childbirth Family Center that is equipped for water births; a Primary Stroke Center; the Counseling and Addiction Center; the Center for Healthy Living; Emergency and Critical Care services; a Laboratory accredited by the College of American Pathologists; a Physical, Occupational and Speech Therapy Center; and Emergency Medical Transportation Services.
Adventist HealthCare, the first and largest integrated, health care delivery organization headquartered in Montgomery County, Maryland, is also one of the largest employers in the state of Maryland. Adventist HealthCare includes Shady Grove Adventist Hospital, Washington Adventist Hospital, Adventist Behavioral Health, Adventist Rehabilitation Hospital of Maryland, Adventist Home Care Services, Adventist Medical Group, and the Reginald S. Lourie Center for Infants and Young Children.
About Atlantic Health System
Atlantic Health System, headquartered in Morristown, New Jersey, is one of the largest non-profit health care systems in New Jersey. It includes Morristown Medical Center in Morristown, NJ; Overlook Medical Center in Summit, NJ; Newton Medical Center in Newton, NJ; Chilton Medical Center in Pompton Plains, NJ; and Goryeb Children’s Hospital in Morristown, NJ, as well as Atlantic Rehabilitation, and Atlantic Home Care and Hospice. It also includes its subsidiary, Atlantic Ambulance Corporation. Atlantic Health System comprises 1,599 licensed beds, nearly 13,400 employees and more than 3,700 physicians. Atlantic Health System is a clinical and academic affiliate of The Mount Sinai Hospital and the Icahn School of Medicine at Mount Sinai; a Major Clinical Affiliate of Rutgers Cancer Institute of New Jersey; part of Atlantic Accountable Care Organization, one of the largest ACOs in the nation, and is a member of AllSpire Health Partners.