“Prime Healthcare, an award-winning health system, had hoped to play a key role in stabilizing the financial future of healthcare in Hudson County by acquiring Christ Hospital and investing tens of millions of dollars to upgrade its services, provide much-needed charity care and keep jobs in Jersey City. However, out of respect for the wishes of those in the Hudson County community that Christ Hospital remains as a not-for-profit hospital, we respectfully withdraw our bid to purchase the hospital. We wish Christ Hospital, the residents of Hudson County and the State of New Jersey much success in stabilizing the financial situation of the hospital so it can continue to provide local residents access to essential healthcare services,” said Lex Reddy, President and Chief Executive Officer, Prime Healthcare Services.
“We regret that a partnership between Prime Healthcare Services and Christ Hospital will not move forward. Prime made a substantial investment of money and professional resources during negotiations to help keep the hospital solvent during a difficult financial time. We collectively owe Prime a debt of gratitude for the resources they have given Christ Hospital in recent months, allowing us to meet our financial obligations and provide essential medical services to the community. Christ Hospital must now work through very difficult financial challenges, and it remains to be seen if there is another viable way forward,” said Peter A. Kelly, President and CEO, Christ Hospital.