$45M Winning Bid For Bankrupt NJ Hospital OK'd

Law360, New York (March 27, 2012, 8:06 PM EDT) -- A federal bankruptcy judge on Tuesday approved a hospital operator's $45.3 million bid for bankrupt Christ Hospital in Jersey City, N.J., over a competing offer.

Hudson Hospital Holdco LLC beat out Community Healthcare Associates for the financially troubled health care complex, which filed for Chapter 11 protection last month after a proposed sale to Prime Healthcare Services of California fell apart.

U.S. Bankruptcy Judge Morris Stern's decision came one day after the hospital's board voted unanimously to support Hudson Hospital's proposal.

“Christ Hospital’s board of trustees,...
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