CarePoint Health signs letter of intent to sell Bayonne Medical Center to new company

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CarePoint Health has signed a letter of intent to sell the Bayonne Medical Center to a new company, BMC Hospital LLC, with the sale hinging on the New Jersey Department of Health, the City of Bayonne, and/or the Hudson County Improvement Authority.

By John Heinis/Hudson County View

“CarePoint Health and BMC Hospital LLC are pleased to announce that they signed a letter of intent concerning the sale and preservation of Bayonne Medical Center as an acute care hospital,” CarePoint spokesman Eric Bloom said in a statement.

“The transaction is contingent on approvals from the Department of Health, and either a simultaneous purchase of the real estate by an affiliated entity or the City of Bayonne and/or Hudson County Improvement Authority exercising its right to eminent domain related to the Hospital real estate.”

He also said that Bayonne and the HCIA are discussing “the appropriate steps to eminent” domain the aforementioned property.

BMC Hospital LLC, who boasts over 50 years of experience operating healthcare facilities – including some in the New York Metropolitan region – expressed excitement about operating in Bayonne.

“Bayonne is a vibrant, growing community with a great history that the Bayonne Medical Center has always been part of, and should continue to be into the future,” the company said in the same statement.

“We look forward to making sure that happens for the citizens, patients, doctors, nurses and others to whom the hospital is so important.”

Bayonne Assemblyman Nick Chiaravalloti (D-31), who introduced a financial transparency bill last year after the CarePoint owners were alleged to have been paid $157 million in management fees, also had positive remarks about the latest development.

“I welcome the news that CarePoint-Bayonne has signed a Letter of Interest with a prospective purchaser of Bayonne Medical Center. The COVID-19 pandemic has proven what I always knew – Bayonne needs a full-service acute care hospital.”

Back in October, Hudson County officials said they would fight against any CarePoint sale that would close the BMC, with many of those officials – plus many others – reconvening earlier this month to claim Alaris Health was holding up hospital sales by asking for $300 million for land they acquired for $51 million.

To that end, Bloom said that CarePoint and RWJ Barnabas Health had reached a deal to sell Christ Hospital in Jersey City and the Hoboken University Medical Center, but Avery Eisenreich, the owner of Alaris, killed the deal.

“CarePoint Health separately reached agreement with RWJ Barnabas Health, Inc. on all material terms to sell Christ Hospital and Hoboken University Medical Center but Avery Eisenreich refused to accept reasonable offers that will allow the transaction to move forward.”

Alaris and Eisenreich could not immediately be reached for comment.

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