Newtown Square-based Catholic Health East will acquire three hositals in Newark, N.J., from a hospital system affiliated with the Archidiocese of Newark.
Catholic Health East, which operates the Mercy Health System in the Philadelphia area, would close Saint James and Columbus hospitals in Newark, but keep Saint Michael's Medical Center open.
"We are pleased to have the opportunity to extend our healing ministry into the greater Newark area," said Bob Stanek, president and CEO of Catholic Health East in a statement.
Catholic Health East operates 33 acute-care hospitals and dozens of other health-care facilities in 11 eastern states. The nonprofit firm said it was approached by Cathedral Healthcare System about a deal involving its financial struggling Newark hospitals in early 2007. The Delaware County-based hospital network said it would spend $130 million on new technology and capital improvements at Saint Michael's.
