Capital Health is moving forward with its acquisition of St. Francis Medical Center, according to a joint announcement from the two health centers Wednesday.
The addition of St. Francis Medical Center to the Capital Health network of health care services will result in an integrated, comprehensive and sustainable nonprofit health care system for communities in the greater Trenton area.
“Capital Health and St. Francis Medical Center have had a shared mission to support our community for more than a century,” said Al Maghazehe, CEO and president of Capital Health.
“Over the last several years, as Capital Health has continued to grow and expand its geography, one thing I have been very clear on is our enduring commitment to Trenton. This undertaking demonstrates that and will be complemented by other significant investments Capital Health will make to develop programs focusing on the broader needs of our neighbors, bringing a holistic approach to their well-being. We are truly excited for this next chapter in health care for our region,” Maghazehe added.
Earlier in 2021, St. Francis announced it signed a nonbinding Letter of Intent to become part of Capital Health.
According to a news release, the LOI was a first step in evaluating and designing a framework for a definitive agreement that would see Trenton-based St. Francis shift from Trinity Health to the Hopewell-based Capital Health organization.
“In completing the due diligence process, we have concluded months of planning and discussion and can now start a plan to bring our organizations together with a goal of greater care options for the community,” said Daniel Moen, CEO and president, St. Francis Medical Center. “Serving our community is at the heart of each of our organizations, and it is through this shared mission and aligned approach to care that residents will receive improved access to high-quality care.”
As a result of the definitive agreement, Capital Health plans to offer an enhanced complement of integrated services with community and tertiary levels of care to more efficiently meet the needs of area residents.
Capital Health’s acquisition of St. Francis will combine St. Francis’ specialized cardiac services with Capital Health’s specialized service lines, including neuroscience, trauma, cancer, maternity and orthopedics, as well as preserving other critical programs in the areas of emergency and behavioral health services.
It will also align all of these complementary services with Capital Health Medical Group, which includes more than 20 primary care practices and dozens of specialty practices throughout the region. In addition to St. Francis Medical Center, the acquisition will include related operations, including LIFE St. Francis, St. Francis Medical Associates, its Schools of Nursing and Radiologic Technology, and internal medical residency program.
“The city of Trenton and the surrounding communities are a critical part of our shared mission to care for the underserved, and I am extremely excited by what this agreement means for residents in the immediate community and the larger region,” said Samuel Plumeri Jr., chairman, Capital Healthcare Inc. board of trustees. “The comprehensive model of care achieved will have a significant, positive impact on the health of our community.”
“This definitive agreement demonstrates our steadfast commitment to provide area residents, including the underserved, with high-quality, comprehensive care,” said Joseph Youngblood, chairman, board of trustees, St. Francis Medical Center. “The trustees of St. Francis Medical Center spent countless hours identifying the best solution to continue the mission of the Sisters of St. Francis to provide health care in the City of Trenton.
