A recent edition of SNJ Business People published an article featuring John P. Sheridan, Jr., President and CEO at Cooper. Mr. Sheridan spoke of several different business issues including investments in healthcare facilities and consolidation in the regional health care market.
“I can’t speak for other hospitals, but Cooper’s new Pavilion has made a very positive statement to the South Jersey community: Cooper is not only the hospital that delivers high quality tertiary care, it is also a place where those services are provided in a first- class facility with state-of-the-art operating rooms, emergency department, and patient- care beds,” said Sheridan. “All of that is located on a well landscaped, secure campus. That investment is already paying great dividends.”
Mr. Sheridan was also asked if he anticipates any major consolidation in the regional health care market
“Consolidation in the regional health care market is inevitable,” Sheridan said. “The pressure to consolidate will accelerate under the recently passed health care reform legislation which is moving the country toward Accountable Care Organizations, which will require groups of hospitals, physician groups, and other providers to come together to provide a health care delivery system large enough to cover a sizeable portion of the population in a defined geographic area.”
To read the complete article visit snjbp.com.