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Hackensack Meridian adds 3 nursing homes to network
NJBIZ - 8/5/2019
Hackensack MeridianHealth (HMH) announced on Tuesday that three nursing homes Prospect Heights Care Center in Hackensack, Regent Care Center in Hackensack and West Caldwell Care Center in West Caldwell have joined the network.
The merger is designed to deliver enhanced nursing and rehabilitation services throughout northern New Jersey.
In total, Prospect Heights Care Center, Regent Care Center and West Caldwell Care Center have approximately 600 beds and 750 employees.
"Hackensack Meridian Health is committed to improving access to high-quality long-term and subacute care for patients and families across New Jersey,'' saidRobert Garrett, chief executive officer of Hackensack MeridianHealth."We are excited to have these three facilities join our network, and this merger will elevate the standard of care for residents across the communities we serve."
According to HMH, the partnership between these three facilities will provide greater access and choice toNew Jersey residents for nursing home and rehabilitation facilities. Beyond improving access to care, the merger will also result in more highly coordinated, cost-effective care.
Garrett told NJBIZ that patients, especially as the population ages, are going to need the full continuum of care and post-acute care is going to be a very important piece of that continuum.
He said that in New Jersey over the next 20 years, the senior population will increase 62 percent and one out of five New Jerseyans will be 65 and over by the year 2030.
"We are going to need the post-acute network to take care of that aging population and in addition to that we all know that acute care hospital length of stays continue to go down because of technology changes and advances, so patients are getting out earlier and will need post-acute care. So that combination of lower length of stay and acute care coupled with the aging population makes a transaction action like this very important," said Garrett.
"We are redefining the standard of senior living with our outstanding services, premier facilities and state-of-the-art accommodations,” said Stephen Baker, president of Post Acute Care, HMH. “We look forward to having Prospect Heights Care Center, Regent Care Center and West Caldwell Care Center join Hackensack Meridian Health to further enhance the compassionate and professional care that sets us apart from other long-term and subacute care facilities.”
"We have big plans for this building. It is our intention to take this facility to a different level - a level that I'm not so sure anybody in health care has seen before with regard to connecting a hospital like HUMC to a post-acute facility like Prospect," Baker added.
As a result of the partnership, the names of the nursing homes will now be known as Hackensack Meridian Health Prospect Heights Care Center,Hackensack Meridian Health West Caldwell Care Center andHackensack Meridian Health Nursing and Rehabilitation (formerly Regent Care Center).
The agreement follows months of due diligence where a thorough review of clinical, regulatory, service and financial issues occurred.
CREDIT: Anthony Vecchione