Here are five things to know about the transaction.
1. Once the transaction is complete, the combined system will be known as RWJ Barnabas Health.
2. The new system will be comprised of 11 acute care hospitals, three children’s hospitals, a pediatric rehabilitation hospital, a behavioral health center, ambulatory care centers and five fitness and wellness centers.
3. Barry H. Ostrowsky, president and CEO of Barnabas Health, will serve as the inaugural president and CEO of RWJ Barnabas Health.
4. “The new health system will comprise effectively every clinical service from primary to quaternary and greatly strengthen our commitment to medical education and research,” said Mr. Ostrowsky. “The merger also will provide a large enough geography to be appropriate for the migration to population health management.”
5. The merger is expected to be completed in 2016.
More articles on healthcare industry transactions:
7 recent hospital transactions and partnerships
Baystate Health acquires another Massachusetts hospital
Chicago-area hospital looks to join forces to survive
