NEWARK— Barnabas Health has been contracted to advise the board of University Hospital, according to press releases from both institutions.
Barnabas is the state's largest not-for-profit health care system and has recently expanded its portfolio, striking a deal last month to take over Jersey City Medical Center in Hudson County.
University Hospital is currently affiliated with the University of Medicine and Dentistry of New Jersey but will become independent on July 1 because of the law merging UMDNJ with Rutgers and Rowan University.
Barnabas, in agreeing to provide consulting services for University, committed to keeping the hospital financially stable.
“We are very excited about the opportunity to assist University Hospital,” said Barry Ostrowsky, President and Chief Executive Officer of Barnabas Health. “Barnabas Health is committed to ensuring the long-term viability of University Hospital and in partnership with University Hospital to provide consulting services in a manner that best positions University Hospital to continue to meet the healthcare needs of the Greater Newark Community.”
The deal will now undergo a 60-day review process, which includes a review by the New Jersey Commissioner of Health.
By Kelly Heyboer and Dan Goldberg/ The Star-Ledger