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HMHA: Horizon BC/BS deal with Holdco is official!

HOBOKEN MUNICIPAL HOSPITAL AUTHORITY COMMENDS HUMC HOLDCO LLC FOR
REACHING IN-NETWORK AGREEMENT WITH HORIZON BLUE CROSS BLUE SHIELD
— Deal Goes into Effect Upon Completion of Transfer of Hoboken
University Medical Center to Buyer; Great News for Patients —
HOBOKEN, NJ, September
16, 2011 —
Hoboken Municipal Hospital Authority (HMHA) is pleased that
HUMC Holdco, LLC (Holdco), the buyer in the pending sale of Hoboken University
Medical Center (HUMC), has announced an agreement with Horizon Blue Cross Blue
Shield of New Jersey.  The transaction
will allow HUMC to remain a participating provider in the Blue Cross Blue
Shield network following Holdco’s acquisition of HUMC, which is expected to be
completed later this month.
“It is great news for patients to have HUMC continue as an
in-network provider with Horizon,” says HMHA Chairperson Toni Tomarazzo.  “This is one of the many issues for which
HMHA has diligently advocated in the pending sale of HUMC to ensure the
continuation of hospital services and maintain the long term viability of the
hospital.  HMHA remains committed to finalizing the sale to Holdco.”

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