Hoboken University Hospital's CEO Received $600K Severance as Hospital Filed for Bankruptcy

Spiros Hatiras, the former CEO of Hoboken (N.J.) University Medical Center who stepped down July 16, received a severance package of $600,000 in compensation and full medical benefits for a year three weeks before the hospital filed for bankruptcy, according to a Star-Ledger report.

The severance agreement and bankruptcy filing come amidst Hudson Healthcare, operator of HUMC, trying to sell the hospital to HUMC Holdco.

According to the report, Mr. Hatiras' severance package also comes at a time when Hudson Healthcare said it could not cover its $1.9 million city-related bills or the $1.45 million in employee pension and health funds. A spokesperson for the Hoboken Municipal Hospital Authority, a group that helped approved the severance packages, said officials could not comment on the issue.

Read The Star-Ledger report on Spiros Hatiras.

Related Articles on Hoboken University Hospital:

N.J.'s Hoboken University Medical Center Operator Files for Bankruptcy
James Gonzalez Promoted to Acting President, CEO of University Hospital in New Jersey
New Jersey's Hoboken University Medical Center CEO Spiros Hatiras to Resign

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