Meridian Health and Hackensack University Health Network said Tuesday they have signed a definitive agreement for the two health systems to merge into Hackensack Meridian Health and form the state’s largest health care system, with $3.4 billion in revenue.
The merger announcement last Oct. 16 kicked off seven months of due diligence: a review of clinical, regulatory, service and financial issues that is now finished. The deal still needs state and federal regulatory clearance, which the health systems expect to take nine to 12 months.
Once completed, Hackensack Meridian Health will have about 25,000 employees and nearly 6,000 physicians on staff.
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