Thursday, January 26, 2012

Breaking news - JCMC makes offer for Christ Hosp

Jersey Journal: Jersey City Medical Center offers to buy nearby Christ Hospital for $104 million.

From the article:
The JCMC, which is partnering with Community Healthcare Associates in the bid, would keep Christ Hospital as a non-profit acute care facility for at least 30 years and maintain the existing unions, according to a statement released this morning.

"In a letter of intent that was delivered to Christ Hospital President and CEO Peter Kelly, we set forth our vision for the future of the facility and its critical role in providing healthcare services for Hudson County,'' JCMC President and CEO Joseph Scott writes in the statement. "The proposal lays out four tenets: to continue operating Christ as a non-profit acute care community hospital for a period of not less than 30 years; to preserve and create jobs while maintaining the existing unions; to continue to build a positive working relationship with the medical staff; and to expand Christ’s role as a healthcare leader and educator in Jersey City, Hudson County and New Jersey.''


The LibertyHealth offer also includes bridge financing to ensure that Christ Hospital does not need to enter bankruptcy in order to reorganize.

This offer opens up the possibilities quite a bit. Save Christ Hospital has arranged meetings with both Bayonne/Hoboken Holdco and LibertyHealth to better understand their bids and advocate for Christ Hospital's historic mission of quality healthcare accessible to the whole community.

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