The hospital’s board of directors unanimously approved Chapter 11 reorganization last week after Ontario, Calif.-based Prime Healthcare withdrew its bid to purchase Christ Hospital and convert it to a for-profit entity.
Peter Kelly, president and CEO of Christ Hospital, said the hospital will continue to provide services in the community. “Christ Hospital has been a central part of Hudson County for nearly 140 years, and the residents of Hudson County should know that Christ Hospital will continue to fulfill its mission as a community healthcare provider,” Mr. Kelly said in the statement.
Related Articles on Christ Hospital:
Jersey City Medical Center Bids $104M for Christ Hospital
Christ Hospital Rejects $91.6M Bid From NJ’s Hudson Hospital Holdco
NJ State Officials Won’t Expedite Sale of Christ Hospital to Prime
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.