Cooper Health unveils $2 billion expansion plan

Cooper Health plans to invest $2 billion in a project that system leaders say would radically transform its campus in Camden, New Jersey.

Executives said the project will help meet both current and projected demand from Cooper University Hospital and Cooper’s MD Anderson Cancer Center. The project consists of building three new towers with 100 patient rooms. It will also add more teaching space.

The project will modernize the campus and help attract top clinicians to Cooper, the system said. Cooper also said the project would be environmentally sustainable.

Kevin O’Dowd, co-CEO of Cooper, described the project as the culmination of a years-long effort to reshape the healthcare system.

“Cooper has become a nationally recognized elite academic healthcare system, and this amazing transformation could only be achieved through the tireless efforts of dedicated and committed team members,” said O’Dowd. . “Today, we say thank you to everyone who has been part of the Cooper team for making possible this landmark announcement that will solidify our role in the community for many decades to come.”

Cooper has evolved in recent years, including the addition of MD Anderson Cancer Center to Cooper, as well as Cooper Medical School at Rowan University.

“This expansion will give our dedicated professionals the resources, innovation and flexibility to continue to serve, care for and educate our community and allow us to recruit more top-notch talent,” said Anthony J. Mazzarelli, co- CEO of Cooper, in a statement.

While touting the project’s virtues for the healthcare system, Cooper also said it would contribute to the decades-long effort to revitalize the town of Camden, long one of the most troubled and poor towns in Europe. America.

In recent years, Camden has made notable strides in improving security and bringing more businesses to the small town along the Delaware River just across from Philadelphia. Cooper described Camden as the safest in 50 years.

While Cooper serves a large number of Medicaid patients due to their low incomes, the health system has fared better than some other providers due to its advanced cancer care and cardiology services, The Philadelphia Investigator reported. At the end of June, Cooper had $858 million in cash, compared to $270 million in long-term debt, the Applicant reported.

Like the town of Camden, Cooper endured its share of troubles not too long ago. At one point in 1999, the system was just weeks away from missing payroll.

Cooper, like Camden, has evolved in recent years, including the addition of MD Anderson Cancer Center to Cooper, as well as Cooper Medical School at Rowan University.

New Jersey Governor Phil Murphy, former New Jersey Governor Chris Christie and other local leaders attended an event to announce the project on Monday.

“Camden has seen a dramatic transformation in recent years as many state and local partners have worked together to improve the city, and Cooper has been integral to those efforts,” Murphy said in a statement..

“By supporting public safety, educational opportunities and job creation in addition to providing quality medical care, Cooper has taken a holistic and meaningful approach to strengthening the health of the community it serves.”

Kelly Ripa, host of “Live with Kelly and Ryan,” sent a video message for the opening. Ripa is from Camden County and has appeared in advertisements for the healthcare system for years.

“I know one thing about the people of this town and Camden County,” she said in the video. “We like to dream big.”

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