Layoffs Occur at St. Mary's Hospital Prior to Prime Takeover

Passaic, N.J.-based St. Mary's Hospital has laid off or cut the hours of 30 employees, according to a report by The Record.

The workforce reduction comes as the hospital waits for state approval to be sold to Ontario, Calif.-based Prime Healthcare Services. The two organizations signed a binding asset purchase agreement in January 2013. The state health commissioner and a Superior Court judge must still approve the sale, according to The Record.

The layoffs and hour reductions will help stabilize the budget and keep St. Mary's open until the sale is finalized, according to the report. Prime had no role in the decision to reduce the hospital's staff, a spokesperson told The Record.

St. Mary's has more than 1,400 employees, according to its website.

More Articles on Hospital Layoffs:
Vista Health System to Shrink Billing Staff
Mackinac Straits Health to Lay Off 15
Missouri Hospitals Lose 1,000 Jobs in 6 Months

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months