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Lourdes Health System and Saint Francis Medical Center to Join Cooper University Health Care, Creating an Expanded System to Serve New Jersey Communities

8/31/2017

CAMDEN and TRENTON, NJ: Cooper University Health Care, Lourdes Health System and St. Francis Medical Center today announced plans for all three New Jersey health systems to consolidate within Cooper. The transaction is part of a letter of intent signed by Cooper and Maxis Health, an entity of Trinity Health that is the parent of Lourdes and St. Francis.

 

"In today’s health care environment in New Jersey, continuing success for Lourdes and St. Francis depends on being part of a growing regional network with a broad presence in local communities,” said Ben Carter, Executive Vice President of Trinity Health. “Cooper’s proven commitment to exemplary care, a community-based health focus and service to people who are poor gives us confidence that the mission and communities of Lourdes and St. Francis will remain in good hands as part of a system with these anchor institutions.”

“This agreement will bring together health care providers from across south and central New Jersey, allowing us to dramatically expand access to the high quality of care for thousands of new patients,” said George E. Norcross, III, chairman of the Board of Trustees of Cooper University Health Care. “Since its founding 130 years ago, Cooper has always been committed to providing the best care possible for its community. With this announcement, the size of our community may expand, but the high-quality of care will remain the same. Come grow with us.”  

“For our community and our ministry, our partnership with Cooper will create new opportunities for high-quality care and long-term growth,” said Reginald Blaber, MD, president of Lourdes Health System. “We are especially excited to bring our physician networks together and to develop a regional cardiac center of excellence.”

“This partnership with Cooper will continue our mission through expanded service to urban communities and a broader, ongoing commitment to charity care,” said Vince Costantino, interim president and chief administrative officer of St. Francis Medical Center. “Our communities will benefit from a unique combination of experience, resources and capabilities that support the long-term sustainability of our ministry. Cooper is a great match for us.”

The next step is for the systems to engage in discussions and due diligence that lead to a definitive agreement that will be subject to regulatory approval.

About Lourdes Health System

Lourdes Health System is one of the region’s leading healthcare providers, recognized nationally for excellence in clinical care and service to the community. The health system has two acute care hospitals, several community-based ambulatory care centers, and an Accountable Care Organization (ACO), which has over 200 physicians and provides coordinated, comprehensive care across physician practices, hospitals and other healthcare providers. Our Lady of Lourdes Medical Center is consistently ranked as one of the top hospitals in the nation for heart care. It is the only hospital in New Jersey, Pennsylvania or Delaware ever to have been awarded the American Hospital Association’s top honor for excellence in community outreach services. Lourdes Health System operates Our Lady of Lourdes School of Nursing; LIFE at Lourdes, a program for All-Inclusive Care of the Elderly (PACE); and various outreach programs.

The health system is a member of Trinity Health, with hospitals in 22 states. For more information, visit www.lourdesnet.org

About St. Francis Medical Center

St. Francis Medical Center, a member of Trinity Health System, is an acute care teaching hospital recognized as a Top Performer on Key Quality Measures from The Joint Commission. St. Francis has also earned an "A" for its Hospital Safety Score by Leapfrog. Most noted for its advanced cardiac surgery program and the first accredited stroke center in the county, St. Francis features regional services including the Heart Hospital, a Sleep Disorder Center and an extensive Community Outreach Program. Partners in care include LIFE St. Francis (Living Independently For Elders), The Assisted Living Program at St. Francis and LifeCare Physicians, PC, which includes primary care, bariatric and general surgery throughout the region.

About Trinity Health

Trinity Health is one of the largest multi-institutional Catholic health care delivery systems in the nation, serving diverse communities that include more than 30 million people across 22 states. Trinity Health includes 93 hospitals, as well as 120 continuing care programs that include PACE, senior living facilities, and home care and hospice services. Its continuing care programs provide nearly 2.5 million visits annually. Based in Livonia, Mich., and with annual operating revenues of $16.3 billion and assets of $23.4 billion, the organization returns almost $1 billion to its communities annually in the form of charity care and other community benefit programs. Trinity Health employs about 131,000 colleagues, including 5,300 employed physicians. Committed to those who are poor and underserved in its communities, Trinity Health is known for its focus on the country's aging population. As a single, unified ministry, the organization is the innovator of Senior Emergency Departments, the largest not-for-profit provider of home health care services — ranked by number of visits — in the nation, as well as the nation’s leading provider of PACE (Program of All Inclusive Care for the Elderly) based on the number of available programs. For more information, visit www.trinity-health.org. You can also follow @TrinityHealthMI on Twitter.

About Cooper University Health Care

Cooper University Health Care has been a leading health care provider since 1887 and is the only state-designated Level 1 Trauma Center in South Jersey. Cooper has a network of more than 100 medical offices throughout the region, a surgical center in Voorhees, and Urgent Care Centers in Cherry Hill, Audubon, Cinnaminson, and Runnemede. Cooper is home to MD Anderson Cancer Center at Cooper, Children’s Regional Hospital at Cooper, and Cooper Medical School of Rowan University. Cooper offers signature programs in cardiology, critical care, neurosciences, pediatrics, orthopaedics, and surgical specialties.

Cooper University Health Care employs more than 630 physicians in over 75 different specialties, as well as more than 7,000 employees. When it comes to critical, complex, and specialty care, Cooper University Health Care is one of the most trusted health systems in the region and continues to meet its mission “to serve, to heal, to educate.” For more information about Cooper University Health Care, visit CooperHealth.org.

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