Emergency room Hospital M&A

Lourdes Health Merges with Virtua

In early June, the boards of Virtua Health and Maxis Health System, an entity of Trinity Health, signed a definitive agreement to merge Maxis Health’s Lourdes Health System with Virtua.

Virtua Health operates three hospitals in South Jersey, as well as the 500-physician Virtua Medical Group, eight urgent care centers, multiple ambulatory surgery centers, home health services, long-term care and rehabilitation centers.

Lourdes Health System, based in Camden, New Jersey, is one of the region’s leading healthcare providers. It consists of two hospitals, Our Lady of Lourdes Medical Center (257 beds) in Camden, Lourdes Medical Center of Burlington County (122 beds), Lourdes Medical Associates, Lourdes Cardiology Services, Our Lady of Lourdes School of Nursing and several ambulatory care centers.

It’s also an Accountable Care Organization with nearly 200 physicians, and provides coordinted care across physician practices, hospitals and other healthcare providers.

The combined organization will offer tertiary and community care through a robust clinically integrated network.

Virtua plans to leverage the acquisition to create scale and shared infrastructure, resulting in improved efficiencies in the future. Virtua leadership anticipates closing to coincide with state, federal and regulatory approval.

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *