Christ Hospital in New Jersey Files for Chapter 11 Bankruptcy
The hospital's board of directors unanimously approved Chapter 11 reorganization last week after Ontario, Calif.-based Prime Healthcare withdrew its bid to purchase Christ Hospital and convert it to a for-profit entity.
Peter Kelly, president and CEO of Christ Hospital, said the hospital will continue to provide services in the community. "Christ Hospital has been a central part of Hudson County for nearly 140 years, and the residents of Hudson County should know that Christ Hospital will continue to fulfill its mission as a community healthcare provider," Mr. Kelly said in the statement.
Related Articles on Christ Hospital:
© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.