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Catholic Health East Acquires Saint Michael's Medical Center
Date:7/31/2008

NEWARK, N.J., July 31 /PRNewswire/ -- Alexander J. Hatala, president and CEO of Catholic Health East New Jersey (CHE-NJ), today announced the completion of an asset purchase agreement with Cathedral Healthcare System that makes Saint Michael's Medical Center, Inc. the newest affiliate of Catholic Health East, one of the nation's largest not-for-profit health systems.

"We are delighted to welcome Saint Michael's Medical Center into the CHE-NJ family," said Hatala. "With the addition of Saint Michael's, and with Lourdes Health System -- Our Lady of Lourdes Medical Center in Camden and Lourdes Medical Center of Burlington County in Willingboro -- and St. Francis Medical Center in Trenton, our hospitals will now be serving three of the state's major cities and will constitute the state's largest Catholic health-care system."

"Our mission calls us to seek ways to ensure access to health services for those people most in need," said Robert V. Stanek, president and CEO of Catholic Health East. "Today's announcement is the culmination of the collaborative work of all parties -- the Archdiocese of Newark, Newark city leadership and state legislators, the State of New Jersey, physicians and employees, and the local community -- to find a solution that best meets community needs. Our Catholic health ministry in New Jersey, and nationwide, is strengthened and enriched with the addition of Saint Michael's Medical Center to our family."

Hatala explained that each affiliate of CHE-NJ -- the newly established New Jersey division of Catholic Health East -- retains its local management and governance while benefiting from some key economic and operational efficiencies and shared services.

"The Franciscan roots of our New Jersey hospitals have helped shape the firm foundation for their partnership," said Hatala. "This union strengthens each of our hospitals and allows all to enjoy certain advantages of affiliation. Our hospitals share a longstanding commitment to delivering the best in care to our state's most vulnerable and underserved populations, and this commitment will continue to be strengthened through close collaboration and the identification of best practices and models for care."

Established by the Franciscan Sisters of the Poor in 1867, Saint Michael's is a 357-bed regional tertiary-care, teaching, and research center in the heart of Newark's business and educational district. Renowned for its pioneering infectious disease program, it was also the first New Jersey facility to perform open-heart surgery, and its Heart and Vascular Institute today offers the best in innovative cardiac care. The Regional Cancer Center provides state-of-the-art cancer care, and The Connie Dwyer Breast Center at Saint Michael's Medical Center offers the very latest in diagnostics and procedures for the treatment of breast cancer and other breast diseases. The Saint James Campus in the East Ward and the Columbus Campus in the North Ward deliver key non-acute services, including emergency care, primary care, and prenatal care. They serve as a "front door" to the inpatient, outpatient, and clinic services available at Saint Michael's Medical Center. More information is available at http://www.smmcnj.org.

Catholic Health East (CHE), a Catholic health system co-sponsored by 10 religious congregations and Hope Ministries, is based in Newtown Square, Pennsylvania. CHE provides the means to ensure the continuation of the Catholic identity and operational strength of the sponsors' health ministries, which are located in 11 eastern states from Maine to Florida. The CHE system includes 33 acute-care hospitals, four long-term acute-care hospitals, 36 free-standing and hospital-based long-term care facilities, 12 assisted-living facilities, five continuing-care retirement communities, seven behavioral-health and rehabilitation facilities, 25 home health/hospice agencies, and numerous ambulatory and community-based health services. More information about CHE is available at http://www.che.org.


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SOURCE Catholic Health East
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