Breaking news: In a letter dated 12/23, the owner of Bayonne Medical Center and Hoboken University Medical Center (Hospital Holdco LLC) made an offer of $91.6 million to buy Christ Hospital, including $35 million for working capital and capital improvements. While this offer appears to be substantially more than the deal Christ is pursuing with Prime Healthcare, it was immediately rejected by Christ Hospital.
See the initial news reports: Owner of two Hudson hospitals makes offer to buy a third, immediately followed by Christ Hospital officials reject purchase offer (both articles from The Jersey Journal, 12/27/11). And with further details (Hudson Reporter, 12/27/11).
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