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Hackensack University Health Network, Meridian Health approve merger: 5 things to know

Hackensack (N.J.) University Health Network and Neptune, N.J-based Meridian Health have signed the definitive agreement for the two health systems to merge and become Hackensack Meridian Health.  

Here are five things to know about the agreement.

1. The agreement comes after nearly seven months of due diligence, according to a news release.

2. The merger still requires state and federal regulatory clearance, which both parties expect within the next nine to 12 months.

3. Following regulatory approval, Hackensack Meridian Health will share a corporate board comprised of an equal number of trustees from each system.

4.The integrated health system will also have co-CEOs.

5. The new entity will include 11 hospitals.


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Q1 hospital M&A activity keeps pace with 2014

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