After the hearing, state health officials will craft staff recommendations for the Health Planning Board. After the board makes its recommendations, the state health commissioner will have 120 days to issue a final decision letter on the sale.
Last spring, North Jersey.com first reported the hospital was set to be sold to real-estate developer Yan Moshe. Moshe currently owns the Excel Surgery Center in Hackensack, his only health care facility in New Jersey or any other state, the application says.
As listed on Mosche’s application, the transfer of ownership will go from MHA, LLC to NJMHMC, LLC, which Moshe 100 percent owns, at an aggregate purchase price of the hospital’s assets, at $12.2 million.
Moshe will continue providing the same number of licensed beds and level of service currently at the hospital, the application said.
He also does not anticipate any changes in administrative function and will continue acute services at the hospital, per the application. Additionally, Moshe was said to have “made a commitment to invest a minimum of $3 million in facility and equipment upgrades within the first 60 months of ownership,” the application reads.
The developer also said he plans no impact on consumer access to health care at the hospital for any medically underserved populations.
LibertyHealth of Jersey City previously owned the hospital before MHA purchased it.
Developer Yan Moshe has “made a commitment to invest a minimum of $3 million in facility and equipment upgrades within the first 60 months of ownership,” of Meadowlands Hospital.
Given that Meadowlands is Secaucus’ only hospital, people have expressed worries in the past about it closing due to financial issues. The nearest other hospital to Meadowlands is Hoboken University Medical Center, 5.86 miles away.
Moshe’s application notes that before MHA purchased Meadowlands in 2010, the hospital lost $4.7 million in 2008 and $5.8 million in 2009. It said that MHA stabilized operations at the hospital.
However, the hospital still has a less-than stellar reputation.
Currently, Meadowlands has a two out of five star patient experience rating on U.S. News and World Report, based on consumer and patient evaluations of its services.
In a 2014 survey, the DOH cited Meadowlands for deficiencies such as staff not performing proper hand hygiene, failure to implement an infection control program, improperly labeled medications, and failure to ensure compliance with the New Jersey State Sanitation Code, among others.
According to an investigative report from NJ Spotlight last year, the hospital previously accumulated $4.5 million in federal tax liens.
Other media reports have alleged that when the new management took over, they withheld employee wages to balance the hospital’s budget.
Those who wish to comment on the sale in writing can do so through Oct. 26 at: New Jersey Department of Health, Office of Legal and Regulatory Compliance, Market & Warren Streets, P.O. Box 360, Trenton, New Jersey 08625-0360.
Hannington Dia can be reached at email@example.com