Camden-based Cooper University Health Care and Cape Regional Health System of Cape May Court House, New Jersey, said Wednesday they have signed a letter of intent to merge.  Financial terms of the merger involving the two single-hospital South Jersey health systems are being kept confidential.

Both systems are profitable. In 2021, the latest year financial records are available for both health systems, Cooper generated revenue of $1.8 billion, while the smaller Cape Regional had revenue of $177 million. 

Cooper, which operates Copper University Hospital and the MD Anderson Cancer Center at Cooper, has more than 8,900 employees. In September, the system announced a $2 billion expansion plan for its Camden campus. 

Cape Regional has a staff of more than 1,100.

*Article courtesy of Philadelphia Business Journal

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