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Jersey City's Christ Hospital rejects $91M purchase offer
The Jersey Journal, December 29, 2011
The owner of two Hudson County hospitals, Hudson Hospital Holdco LLC, is targeting a third hospital in the county. In a letter sent to Christ Hospital CEO Peter Kelly dated Dec. 23, Hudson Hospital Holdco LLC, the parent company of Bayonne and Hoboken medical centers, made what it termed an "initial" offer of $91.6 million for the debt-ridden Jersey City hospital. The offer was quickly rejected by Christ Hospital officials, who are in the process of selling the hospital to California-based Prime Healthcare Services for $15.8 million. The terms of the sale are currently under review by the state Department of Health and Senior Services.
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