Intelligence Unit
Special Reports
Special Events
Subscribe
Sponsored
Departments
- Leadership
- Finance
- Technology
- Physicians
- Community Hospitals
- Health Plans
- Marketing
- Quality
- Nursing
- HR
Follow Us
St. Mary's Hospital one step closer in sale to Ascension (NJ)
The Record, July 2, 2012
St. Mary's Hospital in Passaic has been sold to a for-profit Catholic health care company that plans to create a network of hospitals across the state, officials announced Friday. The purchase price for St. Mary's, which has been struggling financially for years, was not disclosed. The deal will need approval from the state health commissioner. The sale is the first acquisition by the for-profit Ascension Health Care Network and a private equity firm in their effort to purchase three Catholic health care systems with seven hospitals statewide.
Most Viewed
Most Emailed
- Patient Harm Data to Remain on Medicare's Hospital Compare Site
- Quiet ORs Better for Patient Safety
- Tavenner Confirmed as CMS Administrator
- Leapfrog Hospital Safety Scores 'Depressing'
- Building a Better Healthcare Board
- CMS Seeks to 'Rapidly Reduce' Medicare Spending with $1B in Grants
- Hard-Nosed About Physician Teamwork
- Healthcare Leaders Sound Off on Organized Labor
- Esther Dyson's Population Health Dream
- Case Study: Advance Care Conversations
