NJ State Judge OKs $45.3M Sale Of Bankrupt Christ Hospital

Law360, New York (July 3, 2012, 4:49 PM EDT) -- The planned $45.3 million sale of bankrupt Christ Hospital in Jersey City, N.J., to a for-profit operator of other local hospitals has cleared another key hurdle, with a state court judge on Friday giving the transaction his stamp of approval.

U.S. Bankruptcy Judge Morris Stern in March approved Hudson Hospital Holdco LLC's bid for not-for-profit Christ Hospital over a competing offer, but the deal still had to undergo scrutiny from the New Jersey Department of Health and Senior Services and the state attorney general.

Judge Hector...
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