HUMC faces closure by the end of October if an agreement is not met, the report said. The city has said it will forego $2 million it is owed by the hospital, and there’s still no guarantee the additional $5 million from taxpayers will appease creditors.
A group of investors that owns Bayonne (N.J.) Medical Center is looking to buy HUMC for $65 million and turn it into a for-profit hospital, but the deal hinges on the solution of the debt claims.
Related Articles on Hoboken University Medical Center:
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Former Attorney Steps Down, Says City of Hoboken Purposely Drove Hospital Into Duress
New Jersey’s Hoboken Municipal Hospital Authority Defends Former CEO’s Buyout
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