For-profit Merit Health Systems, Louisville, Ky., closed on its acquisition of Mountainside Hospital, Montclair, N.J., purchased from not-for-profit Atlantic Health for $30 million.
C. Barry Dykes was named chief executive officer, effective immediately. Dykes, 56, arrives from Tenet Healthcare Corp.-owned Desert Regional Medical Center, a 279-bed facility in Palm Springs, Calif., where he was president and CEO. He also worked for Tenet at St. Vincent Hospital in Worcester, Mass. Prior to joining Tenet, he worked at Jefferson Health System in Philadelphia, Paoli (Pa.) Memorial Hospital and Kennedy Health System in New Jersey.
Atlantic Health, Morristown, N.J., announced last summer that it would transfer ownership of the financially troubled 232-bed Mountainside. The facility is now only the second investor-owned hospital in New Jersey, including 110-bed Memorial Hospital of Salem County. Founded in 2002, Merit owns and operates community hospitals in the Chicago, Dallas and San Antonio areas. -- by Cinda Becker