Industry Bulletins | May 17, 2023
Cooper University Health Care & Cape Regional Health System Sign Definitive Agreement To Merge
After signing a letter of intent to merge in December 2022, on April 25, 2023, Cooper University Health Care (Cooper) and Cape Regional Health System in New Jersey signed a definitive agreement to merge. The deal will create a $2.2 billion organization. The health systems are now seeking regulatory approval, which could take a year.
The combined health system will have:
- Two hospitals with more than 900 licensed beds
- More than 10,000 team members
- More than 900 employed physicians in three physician groups
- More than 450 advanced practice professionals</li . . .