MERIDIAN HEALTH and Hackensack University Health Network agreed to enter into discussions to merge the health systems that will result in one, integrated health care delivery system.
The signing of the memorandum of understanding will now enter a period of due diligence which could take up to four months prior to the signing of a definitive agreement.
“Our combined organization would serve a much broader geography, expanding access to services and developing a vast array of new non-hospital services,” said Robert Garrett, president and CEO of Hackensack University Health Network.
The new organization, which would be known as Hackensack Meridian Health, would have a corporate board comprised of an equal number of trustees from each system. Garrett will serve as co-president and CEO of the new organization with John Lloyd, president and CEO of Meridian, for a period of two-and-a-half years, after which Garrett would become president and CEO.
