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RWJBarnabas to buy 2 New Jersey hospitals

West Orange, N.J.-based RWJBarnabas Health has signed a letter of intent to buy two hospitals from Jersey City, N.J.-based CarePoint Health. 

RWJBarnabas is set to acquire 363-bed Christ Hospital, based in Jersey City, and the 333-bed Hoboken (N.J.) University Medical Center, it announced this week.

The two parties are expected to reach a definitive agreement by the end of the year. 

CarePoint said it is seeking a strategic partner for its third hospital, Bayonne (N.J.) Medical Center.

With the addition of the two hospitals, RWJBarnabas would grow into a system that includes 13 acute care hospitals, three acute care children's hospitals, a pediatric rehabilitation hospital, among other outpatient facilities.

Access the full news release here

More articles on healthcare industry transactions:

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