Virtua, Kennedy Health Systems in New Jersey Discuss Potential Deal

Kennedy Health System, based in Washington Township, N.J., and Virtua, based in Marlton, N.J., have confirmed they have begun considering “collaboration opportunities” with one another, according to a report by the South Jersey Times.

Advertisement

Kennedy has 621 beds across its three hospitals. Virtua has four hospitals and 1,178 beds.

Talks are still in early stages, and no details of the plan have been announced. Representatives from both systems said more details of the discussions will be made public as they develop.

More Articles on Hospital Transactions and Valuations:

8 Recent Hospital Mergers & Acquisitions
Hospital Industry Leader to Know: Michael Staunton of Principle Valuation
New Florida Public Hospital Law Aims to Evaluate Governance, But Impacts May Not Be Universal

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.