Hackettstown Regional Medical Center has officially been taken over by Atlantic Health System, the company announced Wednesday, after ownership was transferred by Adventist HealthCare.
The Warren County-based 111-bed acute care facility had been seeking a strategic partner for nearly two years. Previous reports had Atlantic Health System as a frontrunner in the acquisition, but named two other potential buyers as well.
Atlantic Health won out, and adds to its group of facilities with the next closest location at Morristown Medical Center.
The completion of the merger is subject to state regulatory review, which could take several months, an Atlantic Health System statement said. The company recently merged with Chilton Hospital on Jan. 1.
“Our patients are familiar with the excellent caliber of care and extensive services offered by Atlantic Health System hospitals,” said Jason Coe, President, Hackettstown Regional Medical Center, in the statement. “Joining the Atlantic Health System family will give the Hackettstown community access to more specialists and services throughout the system, from cardiovascular to neonatal, to oncology, neuroscience and more.”
The transfer eliminates Adventist HealthCare’s only New Jersey-based hospital.
“Adding Hackettstown Regional Medical Center to the Atlantic Health System family is a natural fit,” said Joseph A. Trunfio, President and CEO, Atlantic Health System in the statement. “The hospital has served its community and region for decades, and this affiliation will provide patients in the area with expanded access to high quality, specialized services and programs.”
Hackettstown Regional Medical Center is located on Willow Grove Street in Hackettstown.
Atlantic Health System was named by FORTUNE Magazine as one of the top 100 companies to work for in 2014, coming in at number 25.