Not-for-profit health system Hackensack Meridian Health announced plans to sell a majority of its skilled nursing facilities and assisted living communities to Complete Care Management. The agreement involves 11 of Hackensack Meridian’s 14 skilled nursing facilities, with approximately 1,630 beds and 2,100 employees. Terms of the deal, which still must be approved by the state Department of Health, were not disclosed. The facilities are located in Brick Township, Ocean Grove, Shrewsbury, Wall, Holmdel, North Bergen, Plainfield, Edison and Hackensack.
The locations would join Complete Care’s 41-facility portfolio in the Garden State, which it has grown since launching in 2015. Hackensack Meridian will keep its homecare and hospice programs, in addition to its Red Bank facility until a potential buyer can be found for it. The other two SNFs will continue to be owned in joint ventures.
