CarePoint Health is touting a new deal that will allow for BMC Hospital LLC to take over the Bayonne Medical Center, though Hudson Regional Hospital has revealed a whopping $220 million land deal involving the BMC and Hoboken University Medical Center.
Yesterday’s agreement advances BMC Hospital LLC’s plans to continue Bayonne Medical Center’s central role as the city’s acute care hospital while expanding its services with more physicians and specialties.
“I’m happy with the progress made. In the end, I have consistently stated Bayonne needed a full-service hospital. Hopefully, we are closer to saving our hospital,” said Mayor Jimmy Davis.
The transaction is expected to close in the summer of 2020, subject to the receipt of standard regulatory approvals and customary closing conditions.
The agreement was also submitted for review by the New Jersey Department of Health (DOH).
Bayonne Freeholder Kenny Kopacz (D-1) and Hudson County Executive Tom DeGise also called the announcement good news, as did BMC Hospital President Wayne Hatami.
However, that was before HRH President and CEO Dr. Nizar Kifaieh announced a stunning $220 million land deal with Avery Eisenreich: the owner of Alaris Health who also has control of 70 percent of the HUMC property and the entire BMC property.
“Last night we agreed to an unconditional deposit payment and purchase price for the hospital properties and we expect to close within 90 days,” Kifaieh said.
“We have removed the most significant obstacle to fulfilling our vision of creating a premier hospital network in Hudson County without burdening the taxpayers or any public funding during these very trying times.”
The deal would net Eisenreich, who has been at odds with CarePoint, $144 million in Hoboken and $76 million in Bayonne.
He purchased the properties for $50 million and $58 million, respectively.
Back in March, officials accused Eisenreich, who also owns a 25 percent stake in the Christ Hospital property and business, of holding up a sale with Robert Wood Johnson Barnabas Health by asking for $300 million for his land.
Last month, the Hudson County Board of Chosen Freeholders approved the use of eminent domain on those parcels of lands, but that resolution could potentially be moot now.
A spokesman for Eisenreich did not immediately return a request for comment this morning.