State of N.J. may bid to buy Newark hospital in bankruptcy

NEWARK — Two more potential bidders — including the state of New Jersey — have expressed interest in acquiring St. Michael’s Medical Center, the financially struggling hospital in Newark that recently filed for bankruptcy.

The hospital’s largest creditor, the New Jersey Health Care Facilities Financing Authority, added its name to the list of possible suitors, as did Prospect Medical, which recently purchased East Orange General Hospital, St. Michael’s attorney Michael Sirota confirmed Wednesday.

Barnabas Health, the largest hospital chain in the state that operates competitor Newark Beth Israel has already expressed interest in submitting a bid.


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Source: NJ.com Essex

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