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.
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New Jersey’s Hoboken University Medical Center CEO Spiros Hatiras to Resign
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