The board of trustees for the Christ Hospital in Jersey City, N.J., has voted to endorse Pennsylvania-based Hudson Holdco's purchase bid, according to a Jersey Journal report.
Christ Hospital's endorsement of Hudson Holdco is contrary to reports yesterday that Jersey City Medical Center, with Bloomfield, N.J.-based Community Healthcare Associates, had placed the "highest and best" bid.
"After thoughtful consideration and review of both proposals, it was decided that Hudson Holdco's bid would best ensure Christ Hospital's mission to continue providing quality patient care as a full-service acute-care hospital,'' wrote Paula Nevoso, vice president for foundation and marketing for Christ Hospital, in an email to the Jersey Journal.
A final decision is expected today after a U.S. bankruptcy judge reviews the bids for Christ Hospital. Bids were placed at a live auction March 19 and 20.
Future Owner of Christ Hospital Uncertain After Auction
Potential Buyers of New Jersey's Christ Hospital to Bid at Auction March 19
Christ Hospital's endorsement of Hudson Holdco is contrary to reports yesterday that Jersey City Medical Center, with Bloomfield, N.J.-based Community Healthcare Associates, had placed the "highest and best" bid.
"After thoughtful consideration and review of both proposals, it was decided that Hudson Holdco's bid would best ensure Christ Hospital's mission to continue providing quality patient care as a full-service acute-care hospital,'' wrote Paula Nevoso, vice president for foundation and marketing for Christ Hospital, in an email to the Jersey Journal.
A final decision is expected today after a U.S. bankruptcy judge reviews the bids for Christ Hospital. Bids were placed at a live auction March 19 and 20.
More Articles on the Christ Hospital Purchase:
Jersey City Med Center Places "Highest, Best" Bid for Christ HospitalFuture Owner of Christ Hospital Uncertain After Auction
Potential Buyers of New Jersey's Christ Hospital to Bid at Auction March 19