Hackensack Meridian commits $25 million to psychiatric hospital in merger
January 03, 2019
Hackensack Meridian Health has completed its deal to add Carrier Clinic, a 297-bed psychiatric hospital and behavioral health network, as the 17th hospital in its system. Hackensack Meridian, based in Edison, N.J., said it will invest $25 million in Carrier's 100-acre Belle Mead campus, hospital officials said. The merger provides one of the state's largest health systems with expertise in offering mental health and substance use services. The two sides announced their agreement in August and won approvals from the state attorney general's office and the Federal Trade Commission. Since it announced the union, the health system has furthered plans to open several addiction-treatment centers in the state. The first is expected to open this year in Bergen County, said Robert Garrett, CEO of Hackensack Meridian Health. Garrett said resources are desperately needed in New Jersey, where the death toll from opioid overdoses is expected to hit 3,000 for 2018.
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