Business & Finance

Prime Healthcare Receives Approval to Acquire Morris Hospitals As It Awaits Regulatory Action on Newark Hospital

1208544708031f989535_mini_magick20170322-23432-4gyczn.jpg
1208544708031f989535_mini_magick20170322-23432-4gyczn.jpg

The California healthcare company seeking to purchase Saint Michael’s Medical Center in Newark won regulatory approval today to acquire Saint Clare’s Health System.

State Superior Court Judge Stephan C. Hansbury in Morris County approved the Community Health Care Protection Act application of Prime Healthcare to acquire Saint Clare’s hospitals in Boonton Township, Denville and Dover and other facilities located throughout Morris and Sussex counties.

David A. Ricci, president and CEO, Saint Michael’s Medical Center, surrounded by supporters, addresses a crowd of supporters who traveled to the Statehouse in Trenton earlier this week to deliver petitions with more than 41,000 signatures to Gov. Christie.

Sign Up for E-News

The state New Jersey Office of the Attorney General and the Department of Health previously deemed the CHAPA and the Certificate of Need applications for Prime Healthcare to be complete.

“Today is a significant milestone in Saint Clare’s history and its future,” said Leslie D. Hirsch, president and CEO of Saint Clare’s Health System.

"I want to thank the Saint Clare’s board, physicians, staff, employees, volunteers and the communities we serve for their ongoing commitment and dedication to Saint Clare’s. I especially appreciate the hard work of Catholic Health Initiatives (CHI), our parent organization, and of Prime Healthcare for their combined support and efforts to secure the approvals that will lead to our transfer from CHI to Prime,” Hirsch said.

Prem Reddy, the chairman, president, and CEO of Prime Healthcare, thanked Judge Hansbury, the Office of the Attorney General and the Department of Health for “their thorough review of the application and for the time and resources they have dedicated to it.”

Prime Healthcare previously acquired Saint Mary’s hospital in Passaic and has an agreement to purchase Saint Michael’s in Newark, but approvals have been held up for more than two years.

The Save Saint Michael’s Medical Center Coalition was formed earlier this year in an effort to save the hospital from all but certain closure if the sale is not approved.

Closing Saint Michael’s will result in the elimination of more than 1,400 jobs and create a monopoly in in-patient health care services that will drive up costs while forcing patients to seek medical care outside of Newark for certain procedures.

Earlier this week, a contingent of doctors, nurses, patients and elected officials traveled to the Statehouse in Trenton to deliver more than 40,000 signatures urging Christie to approve the sale of Saint Michael’s to Prime Healthcare.

Prime Healthcare has saved 34 hospitals and 35,000 jobs in 11 states nationwide, and has never closed a hospital it has acquired. The company has agreed to keep Saint Michael’s open as an acute-care hospital, hire all current employees, invest $25 million into upgrading Saint Michael’s facilities, technology, and other hospital areas continue to operate within the Ethical and Religious Directives (ERDs), and continue Charity Care practices.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Newark

Thousands rally in Newark as part of the nationwide March for Our Lives

March 24, 2018

Newark, NJ—Thousands of protesters converged on Newark's Military Park today as part of the nationwide March for Our Lives demonstrations calling for an end to gun violence. 

Led by students from around New Jersey, the Newark rally was just one of nearly two dozen marches taking place across the state, and one of hundreds of protests across the United States, pushing for ...

LUPE Fund, Inc. to Announce the 2018 Young Latina Leadership Scholarship Recipients during Power of Women Reception

April 16, 2018

Newark, NJ – The LUPE Fund, Inc. will announce the selection of seven outstanding undergraduate students to receive the 2018 Young Latina Leadership Scholarship during their annual Power of Women Reception. LUPE Fund’s Power of Women Reception and 15th Anniversary Celebration will be held on May 2, 2018, from 6:30 to 9:30 p.m. at Waterside Restaurant, located at 7800 River Road in ...

TAPinto Newark Gala Scene

As gala season approaches, TAPinto Newark has launched a Gala Scene section to provide a space for non-profit organizations to post announcements about their upcoming galas and submit a short writeup about their gala afterwards.

TAPinto Newark invites non-profit organizations to submit a press release about their upcoming galas. After the gala is over, please feel feel to upload a short story ...

Making Our City Bloom Gala Will Benefit Greater Newark Conservancy

Linda Bowden, Regional President of PNC Bank, New Jersey will be the event emcee at the “Making Our City Bloom Gala” to benefit the programs of Greater Newark Conservancy on May 10th at Nanina’s in the Park in Belleville.

The Conservancy provides educational programs that enrich the lives of thousands of inner city children from pre-school to high school. Sustainably-raised ...

High-Tech Gadgetry Fuels the 35th Anniversary of the World Series of Birding

April 6, 2018

BERNARDSVILLE – For any real competitor, there’s the ultimate competition: think the Final Four. Or the Super Bowl. Or the biggest cucumber at the state fair.

For birdwatchers, the not-to-miss event is the annual World Series of Birding, to be held Saturday, May 12. It’s a proud New Jersey exclusive.

Individuals and teams fan out across the state for a ...

Rutgers protesters planned at Tuesday's Board of Governors meeting

April 9, 2018

NEW BRUNSWICK - If you believe what you read on Facebook these days, it would appear that more than 100 protesters will be storming the Rutgers University Board of Governors meeting at noon on Tuesday, April 10.

The reason? 

Contracts are set to expire in June for  20,000 faculty and staff members at the university.

But that is not the only issue at hand. There are a laundry ...

High-Tech Gadgetry Fuels the 35th Anniversary of the World Series of Birding

April 6, 2018

BERNARDSVILLE – For any real competitor, there’s the ultimate competition: think the Final Four. Or the Super Bowl. Or the biggest cucumber at the state fair.

For birdwatchers, the not-to-miss event is the annual World Series of Birding, to be held Saturday, May 12. It’s a proud New Jersey exclusive.

Individuals and teams fan out across the state for a ...

Safe Sleep for Babies Requires Effort from All

April 10, 2018

For more than a decade, my organization, Keeping Babies Safe (KBS), has sounded the steady drumbeat of safe sleep awareness, which in turn has created bans on dangerous products and has helped enact laws that work to ensure babies are sleeping safely.

In 2018, KBS kicked off its latest awareness campaign designed to promote safe sleep practices and products ...