Cooper University Health Care Announces, After Extensive Due Diligence, It Will Not Acquire Lourdes Health System and St. Francis Medical Center
Cooper University Health Care announced today that it will no longer pursue the acquisition of Trinity Health’s New Jersey assets, including Our Lady of Lourdes Medical Center, Lourdes Medical Center of Burlington, and St. Francis Medical Center in Trenton. Cooper signed a Letter of Intent on August 31, 2017, to acquire Trinity Health’s New Jersey hospitals.
Since the Letter of Intent was executed, Cooper University Health Care has undertaken substantial and exhaustive due diligence with respect to the proposed transaction that included a comprehensive review of compliance, legal, regulatory, and operational issues. Read more.