Virtua Completes Acquisition of Lourdes Health System to Transform Healthcare in Southern New Jersey

VCBeat (WeChat ID:VCBeat) Learned from foreign media that on July 1, 2019, the non-profit healthcare system VirtuaAnnounces Successful Acquisition of Healthcare SystemLourdes Health System. This acquisition will reshape healthcare services in southern New Jersey, USA.。Virtua has expanded its reach and enhanced its capacity for comprehensive care by broadening its portfolio of services and facilities. This care delivery is efficient.Convenient, suitable forResidents of Burlington County, Camden County, Gloucester County, and other counties.

Dennis W. Pullin, President and Chief Executive Officer of Virtua, said：“Today marks the culmination of months of planning for this acquisition, and it is the most exciting moment since we began preparing for the transaction. Now, we can begin building a better and healthier future for the people of Southern New Jersey. The best interests of the community have always been the driving force behind this acquisition process, and they will continue to serve as the cornerstone of our path forward.”

The integration of these two nonprofit healthcare systems willVirtua’s high-quality care combined with Lourdes’ advanced specialty care,To provide higher-quality services for patients.Lourdes in the fields of cardiovascular surgery, neurosurgery, and transplant serviceswill beVirtua provides significant support. Following the acquisition, Virtua now delivers comprehensive healthcare services to meet the needs of residents in southern New Jersey, particularly those in low-income and underserved communities.

Pullin said：“We prioritize patient experience and are committed to enhancing service quality and community engagement, which will have a profound impact on the health and well-being of the patients we serve.”

David Kindlick, Chairman of the Virtua Board of Directors, said：“By investing in Lourdes，Virtua is proving its full commitment to the health of our local community, and we will continue to thrive here.。”

This acquisitionOnsetIn June 2018, Virtua and the headquarters located inof PennsylvaniaThe Board of Directors of Maxis Health System has signed the definitive agreement to advance this acquisition. Maxis Health is Lourdes's parent company, alsoA subsidiary of Trinity Health. LourdesHealthcare systems includeCamden Medical Center, Burlington Medical Center, Lourdes Medical Associates, and Lourdes Heart Institute. All of these now belong to Virtua.

Following consultations with the New Jersey Department of Health, the Office of the Attorney General of New Jersey submitted a recommendation to Superior Court Judge Paula Dow in support of the transaction, which she subsequently approved on June 25, 2019.

After the transaction is completed,VirtuaHealth System Includes280 care sites and more than 100 buildings. Virtua currently has over 10,000employees, including2,850 clinicians. Virtua’s plan willApprox.providing services to 8,600 infants, and its emergency department is expected toReception320,000 patients, in additionArranging over600,000 outpatient appointments.

PullinIndicates:“Although we have grown in both scope and scale,“Virtua’s core principles remain unchanged. We look forward to welcoming our new colleagues, and we are committed to serving our new clients well. I hope that in the future, we will become true partners in health.”

Virtua is the largest health system in southern New Jersey, dedicated to helping people maintain their health and recover from illness.On average, annually there areServing over 1 million patients. Virtua’s more than 13,000 employees deliver comprehensive healthcare services across five hospitals and over 280 other locations, while also bringing care directly into the community through home health, rehabilitation, mobile screening, and caregiver programs. Virtua has 2,850 affiliated physicians and other clinicians, with specialties including cardiology, orthopedics, advanced surgery, and obstetrics and gynecology. As a nonprofit organization, Virtua is committed to community well-being and provides innovative outreach programs to address social challenges impacting health, such as behavioral issues like addiction and lack of access to nutritious food.。Virtua has been recognized by U.S. News & World Report as a Magnet® health system and has received numerous awards for its quality, safety, and excellent work environment.

(Compiled by: Zhang Jing)