NEWS RELEASE

JEFFERSON PARISH, LOUISIANA

February 28, 2020
FOR IMMEDIATE RELEASE

JEFFERSON PARISH COUNCIL UNANIMOUSLY APPROVES AGREEMENT FOR LCMC HEALTH TO ACQUIRE EAST JEFFERSON GENERAL HOSPITAL

Pending Public Vote by Residents of the East Bank of Jefferson Parish, Targeted for May 9

JEFFERSON, LA – The Jefferson Parish Council has unanimously approved an agreement for LCMC Health to acquire East Jefferson General Hospital (EJGH). LCMC Health and EJGH recently reached a definitive agreement for LCMC Health to acquire the hospital, which was approved by both organizations’ Boards of Trustees. The acquisition will be finalized pending a public vote by residents of the East Bank of Jefferson Parish with a target date of Saturday, May 9, 2020.

Under the terms of the agreement, LCMC Health will pay a guaranteed purchase price of $90 million for East Jefferson General Hospital and its operations, $15 million for performance-based payments and invest a minimum of $100 million over the next five years, totaling up to $205 million. The acquisition would allow East Jefferson General Hospital to pay off its current bonds, fully fund employee pension plan and satisfy all outstanding financial obligations. It will also ensure the longstanding job security of all the hospital’s nearly 3,000 employees. East Jefferson General Hospital would maintain its current name and culture and would become a part of the LCMC Health family, joining Children’s Hospital New Orleans, New Orleans East Hospital, Touro, University Medical Center New Orleans and West Jefferson Medical Center.

CLICK HERE to watch the Jefferson Parish Council Special Meeting, which was held on Thursday, February 27, 2020. The agenda included remarks from LCMC Health and EJGH executives regarding the sale, as well as questions and remarks from the public wishing to appear before the council.

Both EJGH and LCMC Health, as well as the Jefferson Parish Administration and Jefferson Parish Council, are preparing for the public education program that will precede the May 9 vote. It will consist of a series of public presentations as well as outreach to community business, civic and neighborhood associations. The goal is to reach each voter household with educational materials that explain how the acquisition will work and describe the outcomes of passage or failure of the measure.

For more information about Jefferson Parish, visit www.JeffParish.net. Residents can also receive regular updates by following the Parish on Facebook, Twitter and Instagram (@JeffParishGov).

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