Christ Hospital says CA company pulled out of purchase deal because it feared a political fight
Prime Healthcare Services withdrew its bid to purchase Christ Hospital in Jersey City because it believed there were "political forces working against it," according to documents filed in U.S. Bankruptcy Court last week. The 34-page filing, which includes another 239 pages of exhibits, gives some sense of the precarious financial situation faced by Christ Hospital before it decided to seek a bankruptcy-fueled restructuring. As of Dec. 31, 2011, the hospital had $38 million in assets and $115 million in liabilities, according to the filing. The hospital had drawn up a 2012 budget that would have eliminated 67 positions, the filing states.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- 3 Traits Personality Assessments Can't Reveal
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- Carondelet to Pay $35M to Settle Fraud Allegations
- CHS Hacked, 4.5M Patient Records Compromised