Morristown, N.J.-based Atlantic Health System has completed its acquisition of Hackettstown (N.J.) Regional Medical Center.
Here are five things to know about the deal.
1. Hackettstown Regional officially became part of Atlantic Health System April 1, completing the 111-bed acute care hospital's transfer of ownership from Gaithersburg, Md.-based Adventist HealthCare.
2. As part of Atlantic Health System, the hospital will now be known as Hackettstown Medical Center, in line with the organization's other facilities. The hospital will remain a licensed, acute care general hospital.
3. "In Atlantic Health System, we have found a local organization that shares many of the values we hold important," Jason Coe, president of Hackettstown Medical Center, said in a prepared statement. "Becoming part of Atlantic Health System's Trusted Network of Caring ensures that Hackettstown Medical Center will continue to be an intrinsic provider of health care for patients in this region.
4. Closing on the deal followed regulatory approvals including that of the Superior Court of New Jersey.
5. The completion of the acquisition of Hackettstown takes place on the five-year anniversary of Newton (N.J.) Medical Center joining the organization, which signified the beginning of Atlantic Health System's growth in the region, according to a news release.
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