Federal Court Allows St. Mary’s Hospital to Emerge From Bankruptcy

St. Mary’s Hospital in Passaic, N.J., has completed a Chapter 11 reorganization plan and will emerge from bankruptcy status, according to a release by U.S. Rep. Bill Pascrell Jr. (D-N.J.).

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“St. Mary’s Hospital has a renewed vitality and bright future. I congratulate them all for what they have achieved,” said Rep. Pascrell, who recently announced a $950,000 federal grant for renovations and IT upgrades at the 292-bed hospital.

Five other New Jersey hospitals have filed for bankruptcy since 1977, either closing or selling their assets.

Read Rep. Bill Pascrell’s release on St. Mary’s Hospital.

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