West Orange, N.J.-based RWJBarnabas Health signed a letter of intent last October to buy two hospitals from CarePoint. The two hospitals are Christ Hospital,in Jersey City, and Hoboken (N.J.) University Medical Center. Negotiations hit a standstill in February.
Sources familiar with the talks said RWJBarnabas and CarePoint are about $60 million apart from reaching a deal. A major sticking point in those discussions is the value of the Christ Hospital property.
CarePoint Health spokesperson Eric Bloom told the Journal that the system is exploring every option to keep its facilities operating.
“Unfortunately, we are at the point today where we must, with great regret, lay off 45 of our employees of about 200 staff. This step is necessary given the current uncertainty, and to ensure the hospital provides access to essential services while we figure out its future,” Mr. Bloom told the publication.
More articles on healthcare finance:
UPMC’s annual revenue tops $20B
CFOs upping salary offers to compete in tight job market
Tenet posts net income in Q4, but ends FY 2019 with a net loss
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
