Four new health systems have launched under fresh brands this year after passing their respective hurdles and closing conditions:
1. Secaucus, N.J.-based Hudson Regional Health officially launched May 22 after receiving approval from a bankruptcy court on April 17 — marking the final step in CarePoint Health’s emergence from bankruptcy.
The new system includes more than 70 affiliated care sites and four hospitals: :
- Hudson Regional Hospital (Secaucus)
- Christ Hospital (Jersey City)
- Hoboken University Medical Center
- Bayonne Medical Center
Hudson Regional Health comprises 5,000 employees and over 1,500 physicians. It is led by CEO Nizar Kifaieh, MD, and Chair Yan Moshe, who invested more than $120 million to facilitate CarePoint’s restructuring and fund facility upgrades.
2. Black River Falls, Wis.-based Krohn Clinic, a multispecialty group, and Black River Memorial Hospital merged to create Black River Health. The merger came in response to growing healthcare challenges with Jackson County faring worse than the average county in Wisconsin for outcomes.
The new system maintains the operational independence of each founding organization while functioning as a unified entity. Leaders say this model is intended to help attract new providers, offer more specialties and expand access to care.
Black River Health leadership will be shared between Michelle Clark-Forsting, MD — Krohn Clinic president and administrator — who was named chief physician executive, and Carl Selvick — president and CEO of Black River Memorial — who was appointed CEO.
3. Elmira, N.Y.-based Arnot Health and Ithaca, N.Y.-based Cayuga Health System merged to create Centralus Health, a five-hospital system with more than $1 billion in annual revenue. The organization employs more than 6,500 individuals and serves a nine-county region in upstate New York.
While unified under the Centralus Health banner, Arnot and Cayuga facilities will retain their existing names. The system launched a March go-live for a joint Epic EHR implementation, which both organizations are outsourcing.
Centralus Health aims to expand access to a full continuum of services — including advanced cardiac and cancer care, labor and delivery, outpatient services, behavioral health, and emergency transportation — and is committed to investing in capital improvements across its footprint.
4. Orange, Calif.-based Children’s Hospital of Orange County and Rady Children’s Hospital-San Diego merged to form Rady Children’s Health, a three-hospital system.
The parties shared plans to merge in December 2023 after collaborating for more than a decade.
The partnership builds on over a decade of collaboration and was announced in December 2023. Both institutions entered the merger from strong financial positions, united by a mission to improve pediatric outcomes across Southern California, accelerate research and the development of new treatments, and attract and retain top clinical talent.
Kimberly Cripe, who served as president and CEO of CHOC, and Patrick Frias, MD, who served as president and CEO of Rady Children’s, now serve as co-CEOs of Rady Children’s Health.
