Christ Hospital bidders told to try again (NJ)

Two bidders competing to buy struggling Christ Hospital were told on Friday to revise and resubmit their proposals. After a week of closed-door meetings, both bidders are still waiting to learn which of them will be permitted to acquire the hospital. A source close to the proceedings could not confirm whether this request came from the judge presiding over the hospital's bankruptcy or the hospital's Board of Trustees. The development climaxed—or anti-climaxed, if you prefer—a dramatic week for the hospital.