BAYONNE, NJ - CarePoint Health is seeking a “strategic partner” for the Bayonne Medical Center, and, according to a source with knowledge of the situation, interest from “well known” health care entities has been strong.
The announcement came a little than 24 hours after Mayor Jimmy Davis convened a press conference declaring that any effort to take away healthcare from local residents would have to “go through him.”
In the statement the owners of the local healthcare institution also announced that they have signed a Letter of Intent (“LOI”) with RWJBarnabas Health that will see Hoboken University Medical Center and Christ Hospital in Jersey City, and its affiliates, become a part of RWJBarnabas, “New Jersey’s most comprehensive academic health care system with a service area of nine counties covering five million people.”
Referring to it as a non-binding LOI, the statement said that the document is “the first step in the process of evaluating and designing a new relationship that will enhance health care services for Hudson County and North Jersey” and “sets forth a basic structure for the proposed transaction and puts the institutions on a path toward reaching a Definitive Agreement,” which is expected before the end of the year.
Both parties will now engage in a due diligence process to define the specifics of the relationship. Approvals will be necessary from State and Federal officials, and others, before the transaction is considered complete, the statement concluded.
Continuing to offer his doubt about what the announcement really means for the future of care at Bayonne Medical Center, Davis characterized the pending deal as an “outright betrayal” of the city and “not good news” for residents.
“Yesterday we were told that there was no deal to sell of CarePoint’s hospitals, and today we learn that was simply false,” Davis said. “The fight to save our hospital just beginning.”
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