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HUMC status: next update Sunday

Office of the Mayor announces:

Update from Mayor Zimmer on Hoboken University Medical Center

Late Thursday night, the Creditors Committee, through its representatives, communicated the economic terms that it required to complete an agreement.  Today, the Creditors Committee was presented with a revised settlement proposal that fully satisfies those economic terms.  

The Creditors Committee is continuing to review the new settlement offer and has indicated that it will not be in a position to provide any further comments until Sunday.  I recognize that the uncertainty created by this delay is difficult for everyone, especially HUMC employees, but given that the Creditors Committee’s financial requirements have been fully met I am optimistic that a final agreement will ultimately be reached.  

An additional update will be provided if anything changes.

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