Atlantic Well being System goals to grow to be the bulk company member of CentraState Healthcare System, the not-for-profit New Jersey well being techniques introduced Monday.
Underneath the proposed deal outlined within the letter of intent, which might require state and federal approval, each techniques would maintain seats on a single CentraState governing board, every with particular rights and duties, executives stated. It might construct on their scientific affiliation in oncology and neuroscience.
“Having labored carefully over the previous few years with the CentraState workforce, we really feel lucky for this chance to mix our abilities and assets to ship high-quality, inexpensive and accessible take care of sufferers throughout the state,” Atlantic CEO Brian Gragnolati stated in ready remarks.
The boards of each techniques accepted a five-year plan that might strengthen CentraState’s built-in scientific providers, doctor community and infrastructure by way of vital capital investments, executives stated. Whereas possession of belongings would not change, the nonetheless impartial entities would basically function below a parent-subsidiary-type construction.
Freehold, N.J.-based CentraState includes a 284-bed acute-care hospital, three senior-living communities and 4 outpatient services.