EDISON, N.J., Nov. 10, 2016 /PRNewswire-USNewswire/ -- 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.