Neptune, N.J.-based Meridian Health has completed its merger with Raritan Bay Medical Center — a two-hospital system based in Perth Amboy, N.J.
Here are five things to know about the transaction.
1. The merger has received regulatory approval, and the boards of trustees of the two organizations approved the deal in April.
2. With the addition of Raritan Bay's 338-bed hospital in Perth Amboy, and its 113-bed hospital in Old Bridge, N.J., Meridian's network now includes eight hospitals.
3. Meridian will now serve a population of about 1.5 million residents, and the system will employ about 15,000 workers.
4. Through the merger, Meridian and Raritan Bay hope to improve clinical quality, decrease costs through shared efficiencies and purchasing opportunities and provide new academic and research opportunities for physicians, nurses and clinicians.
5. "We are very excited to welcome the trustees, physicians, nurses, team members and volunteers of Raritan Bay Medical Center to the Meridian team," said John K. Lloyd, president of Meridian Health. "The merger of Raritan Bay with Meridian will better position our organizations for the future, with continued growth of outstanding care throughout Monmouth, Ocean, Atlantic and Middlesex counties."
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