Montclair, a joint venture between LHP Hospital Group and Hackensack (N.J.) University Medical Center, has acquired the 365-bed hospital from current operator Merit Mountainside, a subsidiary of Louisville, Ky.-based Merit Health Systems.
“LHP’s demonstrated track record of commitment and investment ensures Mountainside can continue building on the successes we have achieved with our great physician teams, employees and local community. Looking forward, we are confident that LHP, as manager and operator of Mountainside, together with its local partner HackensackUMC, will ensure this hospital is well-positioned for future growth,” Mountainside President and CEO John Fromhold said in the news release.
Related Articles on Hospital Transactions in New Jersey:
Jersey City Medical Center Bids $104M for Christ Hospital
NJ’s Underwood-Memorial Health, South Jersey Healthcare to Merge
Christ Hospital Rejects $91.6M Bid From NJ’s Hudson Hospital Holdco
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