CarePoint Health in Jersey City is advancing a planned merger with other hospitals in a bid to save its struggling finances, despite a legal battle that almost severed its lifeline, according to reports.
CarePoint Health’s board of trustees greenlit its planned affiliation with Hudson Regional Hospital in a meeting last week, according to a report published in Becker’s Hospital Review on Monday. The new entity will turn CarePoint into a four-hospital system consisting of its three hospitals – Hoboken University Medical Center, Christ Hospital and Bayonne Medical Center – and Hudson Regional Hospital in Secaucus.
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The new health system will be jointly run by leadership from CarePoint, Hudson Regional Hospital and Insight, a Michigan-based health system that specializes in taking over distressed hospitals, according to a report from the Jersey Journal. Insight’s takeover of the New Jersey-based hospital system represents its first foray on the east coast. The transaction is awaiting approval from New Jersey’s Department of Health.