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Chilton Hospital Signs Merger Agreement With Atlantic Health System in New Jersey

Pompton Plains, N.J.-based Chilton Health Network has signed a definitive merger agreement with Atlantic Health System, based in Morristown, N.J., according to a report by The Record.

Under the agreement, announced in October, non-profit Atlantic will assume the 260-bed Chilton Hospital parent company's $43 million in debt, invest in capital improvements and allow the hospital to keep its name, staff and acute-care hospital status, pending approval by the New Jersey Department of Health expected this year.

Other financial details of the merger were not disclosed.

More Articles on Hospital Mergers:

Caldwell Memorial Hospital Merges With UNC Health Care
Fitch: For-Profit Hospital Mergers Still Spurred by Affordable Care Act
Trinity Health, Catholic Health East Complete Merger

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