Court approves Cape Regional, Cooper Health merger
Cape May County Superior Court has approved the merger of Cape Regional Health System and Cooper University Health Care.
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Cape May County Superior Court has approved the merger of Cape Regional Health System and Cooper University Health Care.
Both entities have signed a definitive agreement cementing their previously announced merger.
Cooper University Health Care and Cape Regional Health System signed a definitive agreement April 25, the next step in their merger.
The action affects about $312 million of debt. The outlook, previously positive, is stable at the new, higher rating.
Camden-based Cooper University Health Care and Cape Regional Health System in Cape May County have signed a letter of intent to merge.