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Moody's Predicts Continued N.J. Hospital Consolidations
A Moody's Investor's Services report has predicted that the high volume of merger and acquisition activity in the New Jersey area will continue, according to a Star-Ledger report.Within the past week, five New Jersey hospitals have announced mergers or sales. Moody's report cites proximity to New York and Philadelphia as a reason for the high consolidations. High hospital competition, along with federal healthcare reforms, puts pressure on the struggling New Jersey market, according to the report.
Related Articles on New Jersey Hospitals:
Jersey City Medical Center Bids $104M for Christ HospitalConsulting Report Suggests 3 New Jersey Hospitals Combine Services
Jersey City Medical Center Considers Partnership
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