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New York & Tri-State  + New Jersey  + Healthcare  | 

HRH Acquires Bayonne Hospital’s Land

Hudson Regional Hospital (HRH) has closed on its $76-million purchase of the land under Bayonne Medical Center and resubmitted a competitive binding offer with proof of funds to purchase the hospital operations from its current operator, CarePoint Health, which reportedly is dissolving its operations.

“HRH is the natural next operator of Bayonne Medical Center, and we look forward to a response from CarePoint to our offer,” said Dr. Nizar Kifaieh, CEO of HRH.  “HRH has an exemplary record with the New Jersey Department of Health and with this acquisition is well-positioned to create a premier network of acute care facilities in Hudson County.”

HRH is also under contract to acquire the Hoboken University Medical Center real estate which is currently operated by CarePoint. Carepoint has previously received a proposal from HRH to acquire the Hoboken University Medical Center operations as well.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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