Community Health Systems, Brentwood, Tenn., has received another regulatory approval in its bid to make 108-bed Memorial Hospital of Salem County, Salem, N.J., the first investor-owned hospital in the state of New Jersey. New Jersey Attorney General David Samson is recommending that the $35 million sale of the hospital be approved, with a new not-for-profit healthcare foundation endowed with $14.6 million of the proceeds. The commissioner of New Jersey's Department of Health and Senior Services last month issued a certificate of need covering the transfer of ownership. The hospital still must receive approval from a judge in the chancery division of Salem County Superior Court for the sale to be completed, a spokesman for Samson said. A hearing in the case may come next month. Community Health owns and operates 61 hospitals in 21 states. -- by Vince Galloro
New Jersey closer to its first for-profit hospital
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