Bid by Hudson Hospital Holdco to Acquire Christ Hospital in Jersey City Approved by Bankruptcy Court

JERSEY CITY, N.J.--()--Hudson Hospital Holdco, LLC has released the following statement:

We are very pleased that the Bankruptcy Court approved our bid for Christ Hospital, allowing us to move forward with the sale process. We would like to thank the Board of Christ Hospital for their confidence in our vision for the future of the hospital. We also very much appreciate the very vocal support of Christ Hospital's doctors and staff, numerous senior City and County officials from Bayonne, Hoboken, Jersey City, and Hudson County, and the local community, all of whom were instrumental in allowing this process to move forward.

We believe our vision for the hospital's continuation as a full-service acute care facility – and, more broadly, our ability to include Christ Hospital in our plan to create an integrated healthcare system for the County – will be tremendously beneficial for the residents of Jersey City and the surrounding communities in Hudson County, as well as for Christ Hospital physicians and staff.

We recognize the State's demand, made clear during the recent court proceedings, that the successful bidder implement the Navigant report as quickly as possible, which will be our focal point in the immediate term. We are extremely committed to working with all the healthcare providers in the region toward what has always been our ultimate common goal: providing access to the highest quality healthcare for all residents, both insured and uninsured, of Jersey City and Hudson County.

Contacts

for Hudson Hospital Holdco
Spencer Baretz, 917-848-0472
sbaretz@hellermanbaretz.com

Contacts

for Hudson Hospital Holdco
Spencer Baretz, 917-848-0472
sbaretz@hellermanbaretz.com