FOR IMMEDIATE RELEASE
July 28, 2011
For More Information Contact the NJHCFFA
Linda Hughes, Communications Specialist
609-292-8585 ext. 120
Report Released on Hudson County Hospital Services
Trenton, NJ – The New Jersey Health Care Facilities Financing Authority (NJHCFFA) today is releasing a study it commissioned last year to inventory the health care services available in the Hudson County region and to determine if potential opportunities exist for consolidation or regionalization of services.
Three Hudson County hospitals that received Health Care Stabilization grants from the Department of Health and Senior Services in December 2009 were asked to participate in the study as a condition of receiving the stabilization grants. Those hospitals are Christ Hospital, Hoboken University Medical Center (HUMC) and Jersey City Medical Center (JCMC).
The study, prepared by Navigant Consulting, Inc., also includes recommendations for consolidation or reorganization of services and a review of the Certificate of Need Application filed by HUMC to transfer its ownership.
The study is available at the NJHCFFA website at www.njhcffa.com.
Created in 1972 by an act of the Legislature to provide not-for-profit health care providers with access to low-cost capital, the New Jersey Health Care Facilities Financing Authority is the primary issuer of municipal bonds for New Jersey's health care organizations. During its over 35-year history, the Authority has issued over $13 billion in bonds on behalf of over 140 health care organizations throughout the state.