Atlantic Health and Saint Peter’s Healthcare Announce Strategic Partnership

On Jun 26, 2024

Saint Peter’s Healthcare System and Atlantic Health System have signed of a definitive agreement to expand their strategic partnership. This milestone comes from successful collaboration following the signing of a letter of intent. Both organizations will continue working toward obtaining the necessary federal, state, and church approvals before the transaction can be completed.

Once the proposed transaction receives the necessary approvals, there will be immediate benefits to patients, physicians, and caregivers throughout the communities Saint Peter’s serves. Highlights include strengthened integrated clinical services, a robust physician network
Among the many benefits St. Peter’s is expected to receive once the proposed transaction receives necessary approvals is substantial capital investments in electronic medical records, infrastructure, and an expansion of outpatient services.

Under the terms of the definitive agreement, Saint Peter’s Healthcare System will join Atlantic Health System, which will become the sole corporate member of Saint Peter’s. Saint Peter’s will continue to maintain its Catholic mission and identity and adhere to the Ethical and Religious Directives for Catholic Health Care Services (ERDs) under the ecclesiastical sponsorship of the Most Reverend James F. Checchio, JCD, MBA, Bishop of Metuchen.

“The signing of the definitive agreement is an important milestone in our journey to join Atlantic Health System,” said Saint Peter’s Healthcare System President and CEO Leslie D. Hirsch. “We are enthusiastic about becoming a part of Atlantic Health with its outstanding reputation for excellence in patient care that aligns well with our culture and mission. This ensures that Saint Peter’s will remain a strong presence in the central New Jersey area serving the community as a Catholic hospital for many decades to come.”

“Today is the next step in our commitment to more accessible, affordable health care for the people of New Jersey,” said Brian Gragnolati, president & chief executive officer, Atlantic Health System. “We are thrilled to partner with Saint Peter’s in delivering high-quality care that builds healthier communities.”

One of the first steps the two organizations will take together upon completion of the approved transaction will be implementing the Epic electronic health record (EHR) platform across Saint Peter’s Healthcare System. Once implementation is complete, Epic will allow physicians and patients the opportunity to share information throughout the Atlantic Health System network. Saint Peter’s patients will also immediately benefit from Atlantic Health System’s years of investment in data analytics capabilities.

Focused on the future success of both organizations, the terms of the definitive agreement allow the two organizations to pursue a wide variety of opportunities, including outpatient services and other population health strategies.

Atlantic Health System will provide Saint Peter’s physicians with the opportunity to participate in Atlantic Health’s affiliated physician group practices and programs, including various quality initiatives.

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