Hudson hospital chain's bid for nonprofit status approved by state health planning board
The state Health Planning Board Thursday morning unanimously approved CarePoint Health System's application to convert its three Hudson County for-...
The state Health Planning Board Thursday morning unanimously approved CarePoint Health System's application to convert its three Hudson County for-profit hospitals to nonprofit status. The approvals make official the transfer of ownership of Christ Hospital in Jersey City, Bayonne Medical Center and Hoboken University Medical Center from majority owner Vivek Garipalli to the nonprofit organization CarePoint Health System that was announced in October 2021. Although CarePoint 'has completed the transfer of ownership without department approval, the department asserts that not approving the application and requiring the operator to revert back to its previous ownership structure may result in further undue financial hardship .