Cooper Acquisition Transforms NJ Healthcare Landscape
In a move that will transform the healthcare industry’s landscape in New Jersey, Cooper University Healthcare says it will acquire Trinity Health’s New Jersey facilities, which include Our Lady of Lourdes Medical Center in Camden, Lourdes Medical Center of Burlington, and St. Francis Medical Center in Trenton.
When the transaction is completed, the combined entity (Cooper University Health Care, Cooper Lourdes Health Care, and Cooper St. Francis) will become the largest health system in South Jersey, and the fourth largest health system in New Jersey, with revenues of nearly $2 billion, and more than 12,000 employees.
The merger will create one of the state’s largest physicians group with more than 875 employed physicians. The combined health system, with its physician offices and hospitals, will serve more than 2.1 million people in Camden, Mercer, Burlington, Gloucester, Salem, Cumberland, and Atlantic counties. The system will feature four hospitals with 1,382 beds, and more than 130 ambulatory care offices throughout southern New Jersey.
Read the full article at Globe Street.