A for-profit company that owns three hospitals in New Jersey said that it has formed a health system and is planning to offer a Medicaid plan and sell insurance on the state exchange about to launch under the healthcare reform law.
The Jersey City, N.J.-based company, previously called Hudson Holdco, has acquired the 170-bed Bayonne Medical Center, the 381-bed Christ Hospital in Jersey City and the 204-bed Hoboken University Medical Center in recent years.
The new system, rebranded CarePoint Health, will include hospitals, primary care and preventative health centers, insurance plans, and a network of roughly 1,000 physicians, according to a news release.
“By bringing together the resources of three great hospitals and the area's leading physicians, we can offer patients what we call '360 degrees of care' from the hospital to the doctor's office to the patient's home,” CarePoint Health spokesman Spencer Baretz said in a news release. “Using new models of delivery, including new technologies, we can ensure that patients are treated in a fully collaborative fashion with exceptional, personalized outcomes.”