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 methods introduced Monday.
Beneath the proposed deal outlined within the letter of intent, which might require state and federal approval, each methods would maintain seats on a single CentraState governing board, every with particular rights and duties, executives mentioned. It might construct on their medical affiliation in oncology and neuroscience.
“Having labored carefully over the previous few years with the CentraState staff, we really feel lucky for this chance to mix our abilities and assets to ship top quality, inexpensive and accessible look after sufferers throughout the state,” Atlantic CEO Brian Gragnolati mentioned in ready remarks.
The boards of each methods accredited a 5 year-plan that will strengthen CentraState’s built-in medical companies, doctor community and infrastructure by means of important capital investments, executives mentioned. Whereas possession of belongings would not change, the nonetheless unbiased entities would basically function beneath a parent-subsidiary-type construction.
Freehold, N.J.-based CentraState is comprised of a 284-bed acute-care hospital, three senior dwelling communities and 4 outpatient services.