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Christ Hospital bidders told to try again (NJ)

Hudson Reporter, March 26, 2012

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.