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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.

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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