Ascension's Takeover Of 3 NJ Hospitals Falls Through

Law360, New York (August 6, 2012, 8:48 PM EDT) -- In a decision that pulls the plug on Ascension Health Care Network's planned takeover of Passaic County's three hospitals, St. Joseph's Healthcare System on Friday cut off acquisition talks with the for-profit Catholic health care system.

In an announcement following a closed-door meeting of St. Joseph's board Thursday evening, the health care facility, which operates two hospitals in the county, rejected a proposed alliance with the smaller St. Mary's Hospital in the purchase by Ascension.

"St. Joseph's Healthcare System made the decision to discontinue talks with...
To view the full article, register now.