JFK Health and Hackensack Meridian Health Sign Letter of Intent to Explore an Affiliation

November 10, 2016

Today, JFK Health and Hackensack Meridian Health have announced the execution of a Letter of Intent (LOI) between the organizations regarding a potential affiliation.

JFK Health went through an extensive review process that considered various factors that would strengthen JFK and further its mission to keep the community healthy. JFK looked closely at how a partnership would help to enhance its clinical services, increase access to services for patients and their families, and further support JFK Health’s population health initiatives.

The proposed transaction would build upon the strengths of JFK Health and Hackensack Meridian Health. It would be aligned with JFK Health’s not-for profit mission and its goal to keep the community healthy. By affiliating with a quality focused system like Hackensack Meridian Health, JFK Health will be able to strategically make investments in new programs, services and technology to keep pace with the advanced health needs of the community.

“We share a culture and vision for the future of health care that reinforces JFK Health’s role in the community,” said Raymond Fredericks, president and CEO, JFK Health. “Along with Hackensack Meridian Health, we will enhance our delivery of top-quality, coordinated patient care to our diverse community. We are proud of the more than 20 year relationship we have with Meridian successfully running Home Care and Satellite Rehabilitation facilities.”

“We are very excited about this affiliation. JFK Health is an award-winning health system trusted by the residents of its community, and has established a network of providers and services, including its academic programs,” said Robert C. Garrett, co-CEO of Hackensack Meridian Health. “JFK and Hackensack Meridian Health share a common mission to provide the best care in a compassionate, patient-focused environment. We look forward to working with JFK Health on integrating its strengths with those of Hackensack Meridian Health.” As charitable, not-for-profit health care providers, JFK and Hackensack Meridian Health share a common mission and commitment to service. “JFK Medical Center has established itself as one of the leading health care providers in central New Jersey,” said John K. Lloyd, co-CEO of Hackensack Meridian Health. “JFK shares with us the common goal of providing an expansive continuum of care. With the addition of JFK Medical Center, we can look forward to ultimately enhancing our network and serving more people. We are appreciative of the thoughtful consideration given to this endeavor by President and CEO Raymond Fredericks and the JFK Board led by Michael Kleiman, D.M.D.”

# # #

About JFK Health

Opened in 1967, JFK is a 498-bed, full service, nonprofit community hospital that offers a complete array of advanced services, such as: general and specialized surgery, behavioral health, orthopedics, cardiology, maternity and pediatric care and emergency medicine. In addition to the services found at most community hospitals, JFK is home to the JFK Neuroscience Institute, a leader in the diagnosis and treatment of brain and spinal disorders and the JFK Johnson Rehabilitation Institute, offering state-of-the-art therapeutic programs for individuals disabled by illness or injury. An affiliate of JFK Health, JFK Medical Center is accredited by the Joint Commission on Accreditation of Healthcare Organizations.

About Hackensack Meridian Health

Hackensack Meridian Health is a leading not-for-profit health care organization that is the most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. Hackensack Meridian Health is a distinguished leader in health care philanthropy, committed to the health and well-being of the communities it serves.

The Network’s notable distinctions include having one of only five major academic medical centers in the nation to receive Healthgrades America’s 50 Best Hospitals Award for five or more consecutive years, the number one hospital in New Jersey as ranked by U.S. News and World Report,consistently achieving Magnet® recognition for nursing excellence from the American Nurses Credentialing Center, recipient of the John M. Eisenberg Award for Patient Safety and Quality from The Joint Commission and the National Quality Forum, a six-time recipient of Fortune’s “100 Best Companies to Work For,” one of the “20 Best Workplaces in Health Care” in the nation, and the number one “Best Place to Work for Women.” Hackensack Meridian Health is a member of AllSpire Health Partners, an interstate consortium of leading health systems, to focus on the sharing of best practices in clinical care and achieving efficiencies.