Dead on arrival: What sank the Christ Hospital sale?

For Christ Hospital President and CEO Peter Kelly, last week began with a letter to Jersey City Heights residents touting the benefits of the hospital's pending sale to a California-based company that—he promised—would invest millions in the medical facility and save it from closure. By the week's end, the hospital's prospective buyer had backed out of the deal, and the hospital's board of directors had agreed to file for bankruptcy, if necessary.