RWJBarnabas Health and Saint Peter’s Healthcare System announced that New Jersey officials have approved their merger to create the state’s first academic medical center in New Brunswick.
Establishing a premier AMC would fulfill a long-held goal to transform academic health care in the Garden State, increase services and patient access to primary and specialty care, especially for children and vulnerable populations, address historic racial disparities in health outcomes, and offer a “destination AMC” level of clinical care for residents.
By locating the premier AMC in New Brunswick, it will further launch Rutgers University into the nation’s top tier of medical research and teaching universities, attract world-class talent and research funding, and allow for more clinical trials and greater innovation, according to the news release.
In authorizing the transaction under New Jersey’s Community Healthcare Assets Protection Act (“CHAPA”), Superior Court Judge Lisa Vignuolo said, “The applicant has met the requirements necessary…[and the transaction between RWJBH and Saint Peter’s] will serve in the public interest and the public good resulting in the creation, the hopeful creation and anticipated creation, of the premier New Jersey academic medical center which would benefit the citizens of this state.”
A CHAPA review is required under New Jersey law for transactions between non-profit, charitable hospitals to determine if they are in the public interest. Read more.
