View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 17, 2020

LCMC Health-EJGH deal gets Jefferson Parish voters’ approval

US-based non-profit health system LCMC Health’s acquisition of East Jefferson General Hospital (EJGH) has been approved by Jefferson Parish voters.

US-based non-profit health system LCMC Health’s acquisition of East Jefferson General Hospital (EJGH) has been approved by Jefferson Parish voters.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

The acquisition will continue to provide access to healthcare in Jefferson Parish and financial stability with $100m in investments.

It will also safeguard jobs of around 3,000 health care workers.

EJGH president and CEO Gerald Parton said: “The voters on the East Bank showed their support of our doctors and team members at EJGH today.

“Their decision paves the way for saving their hospital and putting it on a path to provide great healthcare to our community for decades to come.

“We needed the voters to make this happen and we thank them for standing with us.”

As of 15 August, the EJGH agreement generated 95% support among East Bank voters with more to follow.

The partnership will be finalised in the following weeks.

Currently, LCMC Health’s system includes Children’s Hospital New Orleans, New Orleans East Hospital, Touro, University Medical Center New Orleans and West Jefferson Medical Center.

Jefferson Parish president Cynthia Lee Sheng said: “Now more than ever, we need our local hospitals and I’m so glad that the residents of Jefferson Parish voted to approve the sale of EJGH to LCMC Health.

“This vote was very critical to the hospital’s future success. We all want EJGH to thrive because it is a very beloved institution for many of us in Jefferson Parish.

“It is very difficult financially to be a stand-alone hospital so now EJGH will be part of a larger system with LCMC Health and will have access to more resources, in addition to $100m in investments over the next five years.”

Related Companies

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Get important industry news and analysis sent to your inbox
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hospital Management