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January 09, 2016 12:00 AM

Meridian Health completes acquisition of Raritan Bay

Melanie Evans
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    Meridian Health completed its acquisition of Raritan Bay Medical Center, one of two deals set in motion last year that will make the system one of the largest in New Jersey.

    The Neptune, N.J.-based system announced it acquired Raritan Bay’s two New Jersey hospital campuses after approval from the state. Meridian also has a pending deal with Hackensack University Medical Center. The combined operations of Meridian and Hackensack and a pending deal between Barnabas Health and the Robert Wood Johnson Health System would create New Jersey’s two largest systems.

    The Meridian deal comes with challenges. Raritan Bay operates in Perth Amboy and Old Bridge. A review of the facilities’ 2013 finances by Fitch Ratings shows Raritan Bay operated at a loss with $39 million in debt. But John Lloyd, Meridian’s president, said Raritan Bay leaders have improved its finances in the past few years. Meridian will make capital investments to improve its operations, including renovating or replacing the emergency room at one campus and upgrading information technology.

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    • News
      • Current News
      • Providers
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      • Technology
      • Safety & Quality
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      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Opinion
      • Bold Moves
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      • Letters
      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
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        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
      • Data Center Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Data Archive
      • Resource Guide: By the Numbers
      • Surveys
      • Data Points
    • Newsletters
    • MORE+
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