CarePoint Health and RWJBarnabas Health have signed a Letter of Intent (“LOI”) whereby Hoboken University Medical Center and Christ Hospital in Jersey City and its affiliates will become a part of RWJBarnabas Health (“RWJBH”). The non-binding LOI sets forth a basic structure for the proposed transaction and puts the institutions on a path toward reaching a Definitive Agreement, expected before the end of the year. CarePoint Health has initiated a separate process seeking a strategic partner for Bayonne Medical Center.
The LOI is the first step in the process of evaluating and designing a new relationship that will enhance health care services for Hudson County and North Jersey. Both parties will now engage in a due diligence process to define the specifics of the relationship. Approvals will be necessary from State and Federal officials, and others, before the transaction is considered complete.
RWJBarnabas Health is New Jersey’s most comprehensive academic health care system with a service area of nine counties covering five million people. The system includes 11 acute care hospitals, three acute care children’s hospitals, and a renowned pediatric rehabilitation hospital, among many other facilities. RWJBH has a partnership with Rutgers University, creating New Jersey’s largest academic health care system.
Hoboken University Medical Center was New Jersey’s first hospital and has been providing exceptional care since 1863. It continues today with advanced medical technologies and state-of-the-art care and features 333 licensed beds and a Transitional Care Unit with 15-licensed long-term care beds, a 34-bay emergency room and dedicated OB-GYN emergency department, private rooms in its Family Birth Unit delivering 1,100 births annually. More than 44,000 patients are treated annually at the hospital, which is also home to specialty medicine that includes child and adult behavioral health, women’s health, wound care, orthopedics, robotic surgery and other surgical subspecialties. The affiliated HUMC Neighborhood Health Center serves the uninsured and underinsured with more than 22,000 visits annually for primary and specialty care.
Christ Hospital has been serving the Jersey City community for more than 140 years and was a founding member of the New Jersey Hospital Association. The 362-bed facility treats 47,667 patients annually and is home to a state-certified stroke center and primary angioplasty center, an exceptional emergency room team and a dedicated OB-GYN emergency department. The hospital, with 650 births annually, also features specialty medicine for child and adult behavioral health, women’s health, heart and vascular care, dialysis, as well as a sleep center and surgical specialties. The Christ Hospital Neighborhood Health Center provides primary and specialty healthcare services for the uninsured and underinsured in the community, treating 10,000 patients annually.
Under the terms of the LOI, the services and resources for Hoboken University Medical Center and Christ Hospital as full-service providers of acute health care services for the Hudson County community will be enhanced.
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