Hackensack Meridian Health Announces the Majority of Its Long-Term Care Facilities will be Acquired by Complete Care
March 22, 2022
Hackensack Meridian Health and Complete Care will maintain a care collaboration agreement to continue providing outstanding care to patients and communities
Hackensack Meridian Health, New Jersey’s largest and most comprehensive health network, announced today that the network has signed a definitive agreement with Complete Care to acquire a majority of Hackensack Meridian Health’s long-term care facilities.
“Hackensack Meridian Health is focused on transforming the continuum of care for the patients, team members and communities we serve,” said Robert C. Garrett, FACHE, chief executive officer of Hackensack Meridian Health. “That is why 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.”
Upon closing, Hackensack Meridian Health and Complete Care will maintain a unique care collaboration relationship to ensure the delivery of quality care for hospital patients and residents that is clinically integrated through the care continuum.
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 industry trends and best practices. Complete Care has extensive experience in long-term care operations and management.
“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 NJ-based company that shares a commitment to advancing the health and well-being of the senior communities served by the network,” says 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.”
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 committed to ensuring a seamless transition with Complete Care and believe this ownership transfer will enhance the continuum of care of our patients and the well-being of our team members,” added Garrett.