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CHA submits 'highest and best' bid for Christ Hospital

The Jersey Journal, March 22, 2012

After two long days of negotiations, Bloomfield-based Community Healthcare Associates submitted the "highest and best" bid to purchase bankrupt Christ Hospital in Jersey City for a little over $40 million, a source close to the negotiations told The Jersey Journal yesterday. Officials with Christ Hospital and Hudson Holdco, the second bidder, denied the report soon after it appeared yesterday on nj.com, stressing that the hospital’s board of trustees has to review the bids before the board makes a recommendation to a U.S. Bankruptcy Court judge about which bid is the highest and best.