Virtua acquires Lourdes Health System in South Jersey

Virtua Health System has acquired one different not-for-profit nicely being a system in South Jersey.

On Monday, Virtua launched it had assumed possession – environment-friendly immediately – of Lourdes Health System of Camden, which is known for its specialized care in a cardiovascular surgical process, superior neurosurgery and transplant firms. Lourdes operates two hospitals – Our Lady of Lourdes Medical Center, a 410-bed educating hospital on Haddon Avenue in Camden, and a 249-bed hospital in Willingboro.

“Today is the culmination of many months of planning and preparation, and now we can begin the process of building a better, healthier future for the people of South Jersey,” Dennis W. Pullin, president, and CEO of Virtua talked about in the announcement. “The best interest of the community has been the driving force behind this process and it will be our cornerstone moving forward.”

Virtua, based totally in Marlton, Camden County, operates 5 hospitals in South Jersey. It says the acquisition will help it notably to satisfy the desires of residents in low-income, underserved neighborhoods.

“By investing in Lourdes, Virtua is demonstrating that it is fully committed to the people of this region and that, collectively, we are here for good,” talked about David Kindlick, chair of the Virtua Board of Trustees.

According to Virtua, it signed a definitive acquisition settlement last June with Pennsylvania-based Maxis Health System — the mom or father agency of Lourdes and a subsidiary of Trinity Health. Following an intensive regulatory overview, the sale was licensed in the Superior Court of New Jersey last week.

The site was updated Monday morning to copy the model new possession.

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