Hoboken Hospital Authority releases statement on Bayonne Medical Center transaction
Feb 24, 2011 | 2238 views | 0 0 comments | 11 11 recommendations | email to a friend | print

HOBOKEN -- The Hoboken Municipal Hospital Authority released a statement on Wednesday afternoon regarding the sale of the Bayonne Medical Center building to Medical Properties Trust, a major U.S. real estate investment company headquartered in Birmingham, Ala. HUMC Holdco, LLC, an entity having common ownership with BMC, is currently negotiating a contract with the Hoboken Municipal Hospital Authority to purchase Hoboken University Medical Center.

The statement indicated that the Authority is "steadfast in its commitment to ensuring that Hoboken University Medical Center (HUMC) remains open as a full-service, acute-care, community hospital serving the Hoboken Community."

"Despite the common ownership, the potential Hoboken transaction is entirely independent from the Bayonne transaction, and the Authority will only enter into a final agreement with HUMC Holdco that meets the Authority’s key goals of maintaining HUMC as a full-service, acute-care, community hospital; preserving relationships with our outstanding employees and medical staff; and relieving the City’s taxpayers of the bond guarantee obligations made to save the Hospital in 2007," according to the statement from the Hoboken Municipal Hospital Authority. - Ray Smith

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