October 2019 M&A Spotlight: Hackensack Meridian Health Acquires Englewood Hospital
Written by: Eric Murphy, Managing Director, Global Healthcare Services
Englewood Hospital includes the Englewood Health Physician Network and Englewood Health Foundation to deliver care in a community setting to residents in the northern New Jersey market. It was acquired by Hackensack Meridian Health for $400M and will help grow and build better access to care in the northern New Jersey region.
Population health has been a key focus for health systems across the country for years. With an increased focus on the social elements of population care, will more healthcare providers invest in multi-family and housing as a means to improve their population health strategies?
Fifty-one medical office building transactions closed in October, totaling over $401 million or 1.74 million square feet. North Carolina and Texas had the most medical office building transactions with 9 (17.6% of total) each, followed by California with 6 sales (11.8% of total).