NJ AG recommends Virtua-Lourdes deal move forward

The proposed deal calls for Virtua to acquire Lourdes and its hospitals, Lourdes Medical Center of Burlington County in Willingboro and Our Lady of Lourdes in Camden, as well as Lourdes’ nursing school, medical associates and cardiology offices.

TRENTON — Virtua’s planned acquisition of South Jersey competitor, Lourdes Health, and its two hospitals in Willingboro and Camden is on the verge of becoming approved and finalized.

Representatives of the two health care systems are due in Superior Court in Mount Holly on Tuesday morning to ask Judge Paula Dow to formally approve the merger of the two nonprofits and assert that the deal is in the public’s interest.

The hearing was scheduled after the New Jersey Attorney General’s Office completed its review of the proposal and recommended it be allowed to go forward, provided the two entities complete rewrites of their respective bylaws.

The review, which took more than a year to complete and encompassed several thousand pages of documents and due diligence, was required under New Jersey’s Community Health Care Assets Protection Act, also known as CHAPA.  Read more