Jan 31, 2019 Lord Abbett Partners With Jersey City Medical Center To Deliver State-Of-The-Art Maternity Wing

New Maternal Health Facility Demonstrates a Long-Term Commitment to a Diverse and Growing Community

Jersey City, NJ – January 31, 2019 – Lord, Abbett & Co. LLC (“Lord Abbett”), an independent, privately held investment management firm announced the establishment of the Lord Abbett Maternity Wing at the Jersey City Medical Center through a $1million donation. The new 17,500 square-foot, state-of-the-art facility will have 20 private rooms designed to promote bonding and provide the best outcomes for newborns, mothers, and families.

Announcing the Lord Abbett Maternity Wing to an audience of senior Jersey City Medical Center staff, local officials, and Lord Abbett employees, Douglas B. Sieg, Managing Partner of Lord Abbett said, “As a firm celebrating our 90th Anniversary, we believe that the strength of our firm is its people, and the strength of our people is family. We are thrilled to announce our partnership with Jersey City Medical Center and the greater community, which will fund and initiate the founding of the Lord Abbett Maternity Wing.”

Michael Prilutsky, President & CEO, Jersey City Medical Center, acknowledged Lord Abbett’s commitment to this significant project, stating, “Lord Abbett is an outstanding member of the Jersey City business community, and we are here to provide for the business community and the community at large. The partnership of business and health care is critical for the well-being and growth of this community. Together, we want the best for everyone who lives in Jersey City.”

The Lord Abbett Maternity Wing is designed to serve the needs of New Jersey’s fastest-growing city. Dr. Lance Bruck, Vice President & Chairman, Department of Obstetrics, Gynecology & Women’s Health, Jersey City Medical Center, said, “Our vision is to create an environment where every woman who decides to deliver at our hospital will have a private room where she can heal after giving birth, bond with her newborn and immediate family, and spend time together with her extended family.”

“The birth of a child is a special life event,” added Sieg. “Our ability to play a role in such an exciting time was a perfect fit for our people. As a firm that has helped families with generational transfers of wealth since 1929, the creation of the new Lord Abbett Maternity Wing aligns with our commitment to nurturing future generations in the Jersey City community. It also brings our people, many of whom live in Jersey City, closer to this diverse and vibrant community.”

The development of the Lord Abbett Maternity Wing will begin in February and is expected to be completed in late 2019.

For more information about Lord Abbett, please visit lordabbett.com. For information about the Lord Abbett Maternity Wing at Jersey City Medical Center, please contact Nicole Kagan, Vice President of the Jersey City Medical Center Foundation at (201) 309-0190 or at nicole.kagan@rwjbh.org.

About Lord Abbett

Lord, Abbett & Co. LLC is an independent, privately held firm with a singular focus on the management of money. Founded in 1929, Lord Abbett is one of the oldest money management firms in the United States, and has forged a culture that is investment-led and investor-focused. Lord Abbett manages approximately $162.4 billion in assets (as of December 31, 2018) across a full range of U.S. mutual funds, UCITS Funds, institutional and separately managed accounts, including $1.3 billion for which Lord Abbett provides investment models to managed account sponsors.

About Jersey City Medical Center

The Jersey City Medical Center (JCMC), an RWJBarnabas Health facility, is a modern 316-bed teaching hospital located on a campus overlooking the Statue of Liberty and NY Harbor, conveniently located near major highways, PATH, bus and light rail stops on campus. A not-for-profit hospital, JCMC is a state-designated Regional Trauma Center with more than 16,000 admissions and 90,000 Emergency Department visits annually. JCMC has been redesignated the Magnet Certification for Nursing Excellence for a third consecutive time in 2017, the only medical center in Hudson, Essex or Union counties to achieve this honor, and has received the highest-grade level “A” for safety for 13 reporting periods during 2012-2018. RWJBarnabas Health and Jersey City Medical Center, in partnership with Rutgers Cancer Institute of New Jersey - the state's only NCI-designated Comprehensive Cancer Center - brings a world class team of researchers and specialists to fight alongside you, providing close-to-home access to the latest treatment and clinical trials. The medical center is also a state-designated stroke center, a regional comprehensive cardiac center, a perinatal intensive care center, and a regional level 3 neonatal intensive care unit for critically ill newborns. JCMC, a provider of Advanced Life Support for Hudson County, runs 911 Medical Call Screening for Hudson County and operates one of the state’s busiest EMS systems. In addition, Jersey City Medical Center is a major provider of behavioral health services, including 24/7 psychiatric emergency/crisis screening programs.

Jim Sansevero
Partner, Chief Marketing Officer
Lord Abbett & Co.
(201) 827-2774

Sharon Ambis
Senior Director, Marketing & Communications
Jersey City Medical Center
(551) 229-3506