Hackensack (N.J.) University Health Network and Neptune, N.J-based Meridian Health have signed a memorandum of understanding to consider merging and creating the largest health system in
The new entity would be known as Hackensack Meridian Health, and each organization would have equal representation on the board. The integrated health system would have co-presidents and CEOs.
"Our combined organization would serve a much broader geography, expanding access to services and developing a vast array of new non-hospital services to conveniently serve area communities," said Robert C. Garrett, president and CEO of Hackensack.
"In addition to achieving financial, clinical and cultural integration, the leadership of our organizations are committed to implementing innovative models of care, advancing education and research, and transforming healthcare delivery to thrive in the evolving environment," said John K. Lloyd, president and CEO of Meridian.
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