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.
For more information about this South Jersey medical space for sale or about any other South Jersey commercial properties for lease or sale, please contact the team at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm. At 856-857-6300.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.