The hospital's governing board approved a possible bankruptcy filing last week after Prime Healthcare Services dropped a $35 million offer. Prime Healthcare, a for-profit based in Wildomar, Calif., did so based on “indications from respected local elected officials who wanted Christ Hospital to explore the option of keeping the hospital nonprofit and under local ownership,” the company said in a statement.
Other suitors have made offers for Christ Hospital. Jersey City Medical Center, a not-for-profit, and Community Healthcare Associates, a for-profit healthcare real estate developer based in Bloomfield, N.J., made a $104.3 million offer last week. The deal included a pledge to continue operating Christ Hospital as a not-for-profit community hospital for at least 30 years, according to a written statement from the medical center. In January, for-profit owners of two New Jersey hospitals said they had offered $91.6 million for Christ Hospital.