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CarePoint Health and RWJBarnabas Health Sign Letter of Intent

Hudson County – CarePoint Health and RWJBarnabas Health have signed a Letter of Intent (“LOI”) whereby Hoboken University Medical Center and Christ Hospital in Jersey City and its affiliates will become a part of RWJBarnabas Health (“RWJBH”). The non-binding LOI sets forth a basic structure for the proposed transaction and puts the institutions on a path toward reaching a Definitive Agreement, expected before the end of the year. CarePoint Health has initiated a separate process seeking a strategic partner for Bayonne Medical Center.

The LOI is the first step in the process of evaluating and designing a new relationship that will enhance health care services for Hudson County and North Jersey. Both parties will now engage in a due diligence process to define the specifics of the relationship. Approvals will be necessary from State and Federal officials, and others, before the transaction is considered complete.

RWJBarnabas Health is New Jersey’s most comprehensive academic health care system with a service area of nine counties covering five million people. The system includes 11 acute care hospitals, three acute care children’s hospitals, and a renowned pediatric rehabilitation hospital, among many other facilities. RWJBH has a partnership with Rutgers University, creating New Jersey’s largest academic health care system.

Hoboken University Medical Center was New Jersey’s first hospital and has been providing exceptional care since 1863. It continues today with advanced medical technologies and state-of-the-art care and features 333 licensed beds and a Transitional Care Unit with 15-licensed long-term care beds, a 34-bay emergency room and dedicated OB-GYN emergency department, private rooms in its Family Birth Unit delivering 1,100 births annually. More than 44,000 patients are treated annually at the hospital, which is also home to specialty medicine that includes child and adult behavioral health, women’s health, wound care, orthopedics, robotic surgery and other surgical subspecialties. The affiliated HUMC Neighborhood Health Center serves the uninsured and underinsured with more than 22,000 visits annually for primary and specialty care.

Christ Hospital has been serving the Jersey City community for more than 140 years and was a founding member of the New Jersey Hospital Association. The 362-bed facility treats 47,667 patients annually and is home to a state-certified stroke center and primary angioplasty center, an exceptional emergency room team and a dedicated OB-GYN emergency department. The hospital, with 650 births annually, also features specialty medicine for child and adult behavioral health, women’s health, heart and vascular care, dialysis, as well as a sleep center and surgical specialties. The Christ Hospital Neighborhood Health Center provides primary and specialty healthcare services for the uninsured and underinsured in the community, treating 10,000 patients annually.

Under the terms of the LOI, the services and resources for Hoboken University Medical Center and Christ Hospital as full-service providers of acute health care services for the Hudson County community will be enhanced.

About RWJBarnabas Health
RWJBarnabas Health is the largest, most comprehensive academic health care system in New Jersey, with a service area covering nine counties with five million people. The system includes eleven acute care hospitals – Clara Maass Medical Center in Belleville, Community Medical Center in Toms River, Jersey City Medical Center in Jersey City, Monmouth Medical Center in Long Branch, Monmouth Medical Center Southern Campus in Lakewood, Newark Beth Israel Medical Center in Newark, Robert Wood Johnson University Hospital in New Brunswick, Robert Wood Johnson University Hospital Somerset in Somerville, Robert Wood Johnson University Hospital at Hamilton in Hamilton, Robert Wood Johnson University Hospital Rahway in Rahway and Saint Barnabas Medical Center in Livingston, three acute care children’s hospitals and a leading pediatric rehabilitation hospital with a network of outpatient centers, a freestanding 100-bed behavioral health center, two trauma centers, a satellite emergency department, ambulatory care centers, geriatric centers, the state’s largest behavioral health network, comprehensive home care and hospice programs, fitness and wellness centers, retail pharmacy services, affiliated medical groups, multi-site imaging centers and two accountable care organizations.

RWJBH is New Jersey’s largest private employer – with more than 33,000 employees, 9,000 physicians and 1,000 residents and interns – and routinely captures national awards for outstanding quality and safety. RWJBH recently announced an affiliation with Rutgers University to create New Jersey’s largest academic health care system. The collaboration will align RWJBH with Rutgers’ education, research and clinical activities, including those at the Rutgers Cancer Institute of New Jersey - the state's only NCI-designated Comprehensive Cancer Center - and Rutgers University Behavioral Health Care.

About Carepoint Health
CarePoint Health brings quality, patient-focused health care to Hudson County. Combining the resources of three area hospitals – Bayonne Medical Center, Christ Hospital in Jersey City, and Hoboken University Medical Center – CarePoint Health provides a new approach to deliver health care that puts the patient front and center. Our mission is to treat our patients with compassion and lead through innovation in order to improve the health of the communities we serve. CarePoint Health is reinventing healthcare by innovating at every opportunity, challenging convention, and building sustainable models for the patients, communities and health care providers. We leverage a network of top doctors, nurses and other medical professionals whose expertise and attentiveness work together to provide complete coordination of care, from the doctor’s office to the hospital to the home. Patients benefit from the expertise and capabilities of a broad network of leading specialists and specialized technology. At CarePoint Health, all of our medical professionals emphasize preventive medicine and focus on educating patients to make healthy life choices. For more information on our facilities, partners and services, visit us at www.carepointhealth.org.

Contact:

Jennifer Morrill,
CarePoint Health
Jennifer.Morrill@CarePointHealth.org
201-275-5447

Ellen Greene
RWJBarnabas Health
ellen.greene@rwjbh.org
973-322-4018