It is important for any New Jersey business to have a plan for its growth into the future. Through mergers and acquisitions businesses can grow, change and evolve to meet the needs of their customers, meet their business goals and stay profitable into the future.
While mergers and acquisitions may be good corporate strategy, they do not just happen on their own. In most cases it takes a lot of time, effort and money to complete these business restructurings. There are a lot of intricate details that need to be worked out before the process can be successfully completed. Before any merger can be completed, the two entities must come to several agreements. This will generally take skillful negotiation and compromise. Once the parties have come to these agreements, the terms must be carried out.
Two New Jersey health care systems have finally completed the terms of their merger. Underwood-Memorial Health System and South Jersey Health System Inc. embarked on a merger agreement in May 2011. The companies were able to come to a deal to merge. Since that time, the companies have worked to complete the merger. On Nov. 1, the two companies completed the merger by signing the final merger agreement. The two companies are now one.
Like this recent case shows, mergers and acquisitions take time — over a year in this case. However, with the right help, the process can go smoothly. Skilled negotiations, detailed contracts and employment issues can all help the process move from the beginning stages to completion.
Source: Philadelphia Business Journal, “N.J. health systems sign merger deal,” Nov. 2, 2012