St. Luke's Warren Hospital in Phillipsburg, N.J., has been part of St. Luke's University Health Network for more than a year, and the hospital has rebounded financially since the merger became official, according to an Express-Times report.
St. Luke's University Health Network, based in Bethlehem, Pa., acquired Warren Hospital in February 2012 after initially announcing merger plans in April 2011. At the time, the 214-bed hospital had more than $70 million of debt.
Since then, the health system has refinanced $45 million of Warren Hospital's debt, which is expected to save $5 million annually, and it has made more than $55 million in investments, according to the report.
St. Luke's University Health Network, based in Bethlehem, Pa., acquired Warren Hospital in February 2012 after initially announcing merger plans in April 2011. At the time, the 214-bed hospital had more than $70 million of debt.
Since then, the health system has refinanced $45 million of Warren Hospital's debt, which is expected to save $5 million annually, and it has made more than $55 million in investments, according to the report.
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