Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Meridian Health, Raritan Bay Medical Center agree to explore merger

Neptune, N.J.-based Meridian Health and Raritan Bay Medical Center in Perth Amboy, N.J., have signed a letter of intent explore a merger, and over the next several months the two organizations will enter into a due diligence period to thoroughly look into the financial, legal and clinical issues involved in the transaction.

The two organizations serve patients in neighboring counties, and if a merger occurs, residents in those areas would have more choices for their medical care.

"This is a challenging time for healthcare organizations," said John K. Lloyd, president of Meridian Health. "Forward-thinking organizations are always looking for partners who want to enhance patient care and experience and improve the health of our communities all while achieving needed efficiencies."

Meridian Health and Raritan Bay expect the due diligence process to take approximately four months.

More articles on healthcare industry transactions: 

University of Rochester Medical Center, Noyes consider affiliation
6 hospital deals that fell through this year
6 recent hospital transactions and partnerships

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars