CarePoint issues 2,700 layoff notices, prepares to sell 2 hospitals
Posted on: Friday, November 15, 2019 By: KorchekStaff
Jersey City, N.J.-based CarePoint Health is taking steps toward selling two hospitals and getting out of the hospital business, according to The Jersey Journal.
CarePoint signed a letter of intent in late October to sell Christ Hospital in Jersey City and Hoboken (N.J.) University Medical Center to Orange, N.J.-based RWJBarnabas Health. In anticipation of the sale, CarePoint recently sent layoff notices.
More than 2,100 employees at Hoboken University Medical Center and Christ Hospital have received layoff notices. More than 620 layoff notices were sent to employees at CarePoint's headquarters and affiliated entities in Bayonne, N.J., and Jersey City, according to the report.
Sending the notices to employees affected by the sale "is only one step in a very long process," a CarePoint spokesperson told The Jersey Journal. Though the layoff notices are effective Jan. 13, the sale of the two hospitals is not expected to close by that date, according to the report.
"RWJBarnabas Health plans to operate Christ Hospital and Hoboken University Medical Center as full-service acute care hospitals after the transition occurs," a spokesperson for RWJBarnabas Health told The Jersey Journal. "Part of the planned assessment of operations will include a review of staffing, facilities, policies and procedures."
In addition to selling two hospitals to RWJBarnabas, CarePoint is seeking a strategic partner for its other hospital, Bayonne (N.J.) Medical Center.
Access the full article from The Jersey Journal here.