Drinker Biddle’s Health Care Team advised Meridian Health System in its affiliation with Hackensack University Health Network. This merger creates a health network that will run 13 hospitals across seven New Jersey counties. This new integrated health network will include more than 6,000 affiliated physicians and 28,000 employees, and will generate approximately $4.3 billion in annual revenue. The newly created health network will be called Hackensack Meridian Health.
Led by partners Doug Swill and Fatema Zanzi, Drinker Biddle’s team advised on all corporate and regulatory requirements and approvals, including obtaining federal and state regulatory clearances from the Federal Trade Commission and the Office of the Attorney General of New Jersey.
The deal closed on July 1, 2016. More information about the merger can be found on Hackensack Meridian Health’s website.
Drinker Biddle’s Health Care Team represents hospital and health systems with strategic affiliation transactions including pre-transaction counseling, due diligence, regulatory and antitrust reviews, negotiations and post-transaction integration. The team is actively advising on health care affiliations in Illinois, New Jersey, Pennsylvania, Georgia, Michigan, California and other markets across the US.