The report said roughly $30 million in capital investments would be made toward Christ Hospital. The hospital would have been $11 million in the red if it hadn’t received a $7 million state grant.
If the sale is approved by each entity’s board and by the state, Christ Hospital would become the fourth nonprofit hospital in its county to become a for-profit institution since 2008, the report said. The others are Bayonne (N.J.) Medical Center, Meadowlands Hospital in Secaucus, N.J., and Hoboken (N.J.) University Medical Center.
Read The Jersey Journal report on Prime Healthcare Services and Christ Hospital.
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