New Jersey’s Hoboken University Medical Center Nears Privatization

After reviewing proposals from companies interested in purchasing the city-owned Hoboken (N.J.) University Medical center, the City of Hoboken and the Hoboken Municipal Hospital Authority continue to move towards privatization, according to a City of Hoboken news release.

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On Oct. 27, the HMHA board reviewed the initial proposals for strategic opportunities from interested parties in closed session. Three committees have been established to consider the proposals: one to consider the quality of the other hospitals that are bidding, one to examine bond-related issues and another to coordinate continued review of submitted bids.

The board will return with a final proposal which will then be shared with the community in a public meeting for comment.

Read the news release on Hoboken University Medical Center.

Read about other hospital transactions:

D.C.’s Sibley Memorial Approves Johns Hopkins Acquisition

Staten Island’s Richmond University Medical Center Looking for Affiliate System

Wisconsin’s Gundersen Lutheran to Manage St. Joseph’s Health

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