Hackensack Meridian Health sells off majority of its long-term care facilities to Complete Care
Hackensack Meridian Health , New Jersey’s largest health network, recently announced it has signed a definitive agreement with Complete Care to acquire a majority of its long-term care facilities.
Hackensack said the long-term care industry has experienced major changes over the last few years as a result of the COVID-19 pandemic, and this decision was made in line with what it says are industry trends and best practices. Complete Care has extensive experience in long-term care operations and management. Upon closing, Hackensack Meridian Health and Complete Care will maintain a care collaboration relationship to ensure the delivery of quality care for hospital patients and residents that is clinically integrated through the care continuum.
“Hackensack Meridian Health is focused on transforming the continuum of care for the patients, team members and communities we serve,” “After careful consideration over the past several months, we have decided to partner with Complete Care, a leading provider of short-term post-acute rehabilitation, and long-term and specialty care, for them to acquire the majority of our long-term care facilities,” said Robert C. Garrett, FACHE, chief executive officer of Hackensack Meridian Health.
The facilities being acquired include Hackensack Meridian Health nursing and subacute facilities located in Brick, Hackensack, Holmdel, North Bergen, Ocean Grove, Plainfield, Shrewsbury and Wall, as well as two assisted living facilities located in Edison and Holmdel.
“We are honored to enter into this agreement with Hackensack Meridian Health. As leaders of our industries, this is a perfect alignment. Complete Care is a family owned and operated New Jersey based company that shares a commitment to advancing the health and well-being of the senior communities served by the network,” explained Sam Stein, CEO, Complete Care. “Our success in the long-term care industry is made possible by our dedicated, experienced management team, which is comprised of Licensed Nursing Home Administrators and our more than 4,000 caring and committed staff members statewide.”
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Dave Fornell has covered healthcare for more than 17 years, with a focus in cardiology and radiology. Fornell is a 5-time winner of a Jesse H. Neal Award, the most prestigious editorial honors in the field of specialized journalism. The wins included best technical content, best use of social media and best COVID-19 coverage. Fornell was also a three-time Neal finalist for best range of work by a single author. He produces more than 100 editorial videos each year, most of them interviews with key opinion leaders in medicine. He also writes technical articles, covers key trends, conducts video hospital site visits, and is very involved with social media. E-mail: dfornell@innovatehealthcare.com