CAMDEN, NJ (CBS) — Cooper College Well being Care is buying three New Jersey hospitals now owned by Michigan-based mostly Trinity Well being, a nationwide Catholic well being system with a serious presence in South Jersey and Trenton.
The sale worth was not disclosed in a press launch from Cooper, however the deal consists of Our Woman of Lourdes Hospital in Camden, the Lourdes Medical Middle in Willingboro, and St. Francis Hospital in Trenton.
Cooper chairman George Norcross is quoted within the launch as saying, “This settlement will convey collectively well being care suppliers from throughout south and central New Jersey, permitting it to dramatically increase entry to the top quality of look after hundreds of latest sufferers. Since its founding one hundred thirty years in the past, Cooper has all the time been dedicated to offering one of the best care potential for its group. With this announcement, the dimensions of our group might broaden, however the top quality of care will stay the identical.”
The brand new entity will make use of greater than 12,000 individuals and handle near 1400 hundred beds, making it the most important care supplier in South Jersey and the fourth largest within the state, with mixed belongings approaching $2 billion.
All of the hospitals will retain their names and group missions.
The deal nonetheless requires state and federal approval.