New Jersey's St. Luke's Warren Hospital Recovering Post-Merger

St. Luke's Warren Hospital in Phillipsburg, N.J., has been part of St. Luke's University Health Network for more than a year, and the hospital has rebounded financially since the merger became official, according to an Express-Times report.

St. Luke's University Health Network, based in Bethlehem, Pa., acquired Warren Hospital in February 2012 after initially announcing merger plans in April 2011. At the time, the 214-bed hospital had more than $70 million of debt.

Since then, the health system has refinanced $45 million of Warren Hospital's debt, which is expected to save $5 million annually, and it has made more than $55 million in investments, according to the report.

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