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Jersey City Medical Center offers to buy troubled Hoboken hospital

The Record, September 26, 2011

The CEO of the Jersey City Medical Center has reached out to state and local officials to let them know he is still willing to buy the Hoboken University Medical Center if bankruptcy settlement negotiations falter and the proposed sale collapses. Joe Scott, CEO of Jersey City Medical Center, said he contacted Hoboken Mayor Dawn Zimmer and the state Department of Health and Senior Services Thursday morning just hours after Hoboken City Council rejected a last-minute effort to salvage negotiations. Minutes after the vote, Zimmer said the oldest hospital in the state would close and roughly 1,300 people would lose their jobs. "I let them know we stand ready to do whatever it takes to ensure there is a organized transition with the hospital if this deal falls apart,'' Scott said. "We have a partner willing to buy the hospital and placed a bid…We were going to lease space from them.'' The partner is CHA Properties, he said.