Meridian Health and Hackensack University Health Network in New Jersey plan to merge, creating one of the largest health networks in the state, Meridian announced on Tuesday.
The combined entity, dubbed Hackensack Meridian Health will have 11 hospitals, 25,000 employees and another 6,000 physicians on staff.
The merger awaits state and federal approval, which is expected to take nine to 12 months.
Monetary terms were not disclosed.
The health system will share a corporate board and executive officers for a period of two- and-a-half years after which time Robert C. Garrett, president and CEO of Hackensack University Health Network, would become sole CEO of the new health system.
The healthcare systems involved in the merger include Jersey Shore University Medical Center, Neptune; Ocean Medical Center, Brick; Riverview Medical Center, Red Bank; Southern Ocean Medical Center, Manahawkin; Bayshore Community Hospital, Holmdel; Raritan Bay Medical Center, Old Bridge; Raritan Bay Medical Center, Perth Amboy; Hackensack University Medical Center, Hackensack; HackensackUMC Moutainside, Montclair; HackensackUMC at Pascack Valley, Westwood; and Palisades Medical Center, North Bergen; and, two children’s hospitals, K. Hovnanian Children’s Hospital in Neptune and Joseph M. Sanzari Children’s Hospital in Hackensack.
Hackensack Meridian Health will also include a network of physician practices, ambulatory surgery centers, home care, long-term care and assisted living facilities, ambulance services, fitness and wellness centers, and outpatient centers.