The money will help St. Joseph’s improve oncology services and invest in technology upgrades.
Hackensack Meridian Health also will allow St. Joseph’s to tap into its expertise as a member of the national cancer institute consortium to improve St. Joseph’s oncology program.
Under the agreement, both organizations will remain independent with their own boards and leadership teams.
Read the full report here.
More articles on healthcare industry transactions:
Partners’ plan to buy New Hampshire hospital blocked by AG
6 hospital mergers called off in past year
AHA says hospital mergers are good — economists say otherwise
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
