Atlantic Health System, Morristown, N.J., said it has acquired a stake in QualCare, a New Jersey managed-care company owned by hospitals and physician organizations.
Atlantic Health acquires stake in N.J. managed-care company
Joseph Trunfio, CEO of Atlantic Health System, and Dr. David Shulkin, vice president of the system and president of Morristown Medical Center, were named QualCare directors. A spokesman for Atlantic Health, which owns three hospitals, referred questions about the value of the deal to QualCare. A QualCare spokesman said in an e-mail that the companies would not disclose financial details of the deal.
The health system's effort to become an accountable care organization requires an insurer be able to provide data to manage cost and quality, according to a news release announcing the deal.
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