After a long week in the U.S. Bankruptcy Court in Newark, the top bidder to take over the bankrupt Christ Hospital in Jersey City was Hudson Holdco, although the deal still awaits final approval.
The firm came out on top in the bidding process – its main competitor being Bloomfield’s Community Healthcare Associates – with a bid of $45.3 million, The Jersey Journal reported.
The New Jersey litigation surrounding the hospital’s sale saw significant twists last week. Initially, the Christ Hospital Board of Trustees had voted to accept Hudson Holdco’s bid of $40.5 million, even though CHA’s bid of roughly $43 million was higher...
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