South Jersey Healthcare inks merger deal with Underwood (Daily Journal)

November 1, 2012 – Officials with South Jersey Health System (A2 / 64579FJG9) and Underwood-Memorial Health System in Gloucester County officially signed a merger agreement Thursday, promising expanded health care services for residents and creating the third largest health care system in the region. A new name for the health system’s four hospitals is expected to be announced in 2013. The merger means both South Jersey Health System, the parent company of the South Jersey Healthcare organization, and Underwood-Memorial can begin to “grow health services,” as well as develop more ambulatory care sites and enhance patient safety and quality care, according to Chet Kaletkowski, South Jersey Healthcare President and CEO. Kaletkowski will serve as president and CEO of the combined health system. Both hospitals will retain their names while specialists develop the new brand that will be used by each facility, including South Jersey Healthcare’s Regional Medical Center and Elmer Hospital in Elmer and the Bridgeton Health Center. With 5,000 employees, 1,000 physicians and 700 beds, the merger makes the hospital system the third largest in the South Jersey region — Cooper University Hospital (Baa3 / 13281QAL9) in Camden ranks first, Kaletkowski said.

Link to Full Article: http://www.thedailyjournal.com/article/20121102/NEWS01/311020053/South-Jersey-Healthcare-inks-merger-deal-Underwood

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