Two-hospital Solaris Health System, Edison, N.J., is trying to sell Muhlenberg Regional Medical Center in North Plainfield, N.J., because of overwhelming financial pressures. The 301-bed hospital has suffered multimillion-dollar operating losses annually, with 2007 losses projected to top $15 million because of further reductions in state support, officials said in a news release. It is a decision forced on us, and other New Jersey hospitals, by a healthcare system that is dramatically underfunded in servicing uninsured patients, said John McGee, Solaris president and chief executive officer, in a news release. The health system has engaged investment banking firm Cain Brothers to assist with the sale. Muhlenberg, founded in 1877, merged with JFK Medical Center in 1997 to form Solaris. -- by Cinda Becker
Solaris' Muhlenberg Regional for sale
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