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Secretary of Health Dr. Rachel Levine announced the agreement late last week. The temporary manager, Pinnacle Healthcare Consulting, will remain in place until the department determines it is no longer necessary.
The Lourdes Health System includes Our Lady of Lourdes Medical Center in Camden, NJ; Lourdes Medical Center of Burlington County, Lourdes Medical Associates, and Lourdes Cardiology Services—all of which are now part of Virtua.
The Wayne, PA-based firm sold 800 Walnut St., a 12-story 153,242-square-foot medical office building for $99.25 million to the University of Pennsylvania Health System. Liberty Property Trust developed the medical office tower in 2013 for $48.5 million.
Nominations are open for Real Estate Forum's next installment of Influencers. The submission deadline for senior housing influencers is August 30, 2019.
One of the nation's largest providers of special education and human services, Merakey, recently opened its first location in Texas to serve the needs of children and adults with autism in Tarrant County.