South Jersey Health System Inc. and Underwood-Memorial Health Systems Inc. recently announced they signed the final merger agreement that officially will join the two organizations, according to a news release.
South Jersey Health System is the parent company of the South Jersey Healthcare organizations, with facilities including SJH Regional Medical Center in Vineland, N.J.; SJH Elmer (N.J.) Hospital; the SJH Bridgeton (N.J.) Health Center; and outpatient sites throughout Cumberland, Salem, Gloucester and Atlantic counties. Underwood-Memorial Health Systems Inc. is the parent company of Underwood-Memorial Hospital in Woodbury, N.J., and its affiliated organizations.
“Since signing our definitive merger agreement at the beginning of this year, SJHS and UMHS have focused on how merging our two organizations would improve the health and well-being of our communities,” Chet Kaletkowski, SJHS president and CEO, said in the release.
“We are very excited about the merger and confident that uniting as one health system will enable us to enhance the quality, accessibility and convenience of healthcare for the families of southern New Jersey.”
According to the release, SJHS and UMHS began merger discussions in May 2011 to address how the health systems could work together.
“We are particularly anxious to begin exploring ways to enhance a number of our clinical service lines, including cardiovascular, oncology, womens health, surgery and neurosciences,” Eileen Cardile, UMHS president and CEO, said in the release. “By learning from the best practices of both SJHS and UMHS, we will develop processes that foster excellence across our new network.”
As outlined in the agreement, representatives from both the SJHS and UMHS boards of trustees will hold seats on a newly formed system board.
The organizations will retain individual boards of trustees that will provide leadership for their hospitals.