SOUTH JERSEY – Virtua officials have announced that the healthcare system has bought the Lourdes Health System after a year of regulatory reviews from state and federal agencies.
The change of ownership starts on Monday, July 1st, with Virtua now acquiring Our Lady of Lourdes Medical Center in Camden, Lourdes Medical Center of Burlington County, Lourdes Medical Associates, and Lourdes Cardiology Services.
“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, FACHE, president and CEO of Virtua said. “The best interest of the community has been the driving force behind this process and it will be our cornerstone moving forward.”
The boards of Maxis Health System, the parent company of Lourdes, and Virtua began talking about the merger in June 2018 and signed a definitive agreement to move forward with the acquisition.
After reviews from state and federal agencies, a New Jersey Superior Court judge approved the acquisition on June 25th of this year.
Virtua expects to deliver approximately 8,600 babies, treat 325,000 visitors in its emergency rooms, and schedule more than 600,000 outpatient appointments annually. It now has more than 13,000 employees including 2,850 clinicians. The health system also includes 280 care locations and 100-plus buildings.
“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,” David Kindlick, chair of the Virtua Board of Trustees said.