CentraState Healthcare System, a single-hospital system based in Freehold, N.J., has actually signed a conclusive arrangement to sign up with Atlantic Health System, a seven-hospital system based in Morristown, N.J..
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” We are delighted to provide our shared objective of advancing the health of our neighborhoods, and confident this ingenious collaboration positions both companies for ongoing success and growth,” CentraState Healthcare President and CEO John Gribbin said in a news release..
Under the contract, which requires regulative approval, Atlantic Health will become the majority corporate member in CentraState. It also calls for a $135 million capital financial investment in CentraState..
The systems entered into the conclusive contract after signing a letter of intent in September and entering into an oncology and neuroscience clinical affiliation earlier this year..