Mayor: Everything set for hospital sale on Friday

Mayor Dawn Zimmer in a twitter moments ago announced Hoboken University Medical Center’s sale to Holdco delayed a week ago due to the intransigence of MORTe – is set for Friday.

The mayor’s twitter stated:

“Just received word everything in place for sale of Hoboken University Medical Center on Friday.”

The finality of the sale comes with HUMC under pressure with dwindling cash reserves.  The creditors committee has also had to sit by and watch their settlement of about a 30% on the dollar decrease with each passing day the sale is not completed.

On Friday, Hoboken and the hospital should finally be able to exhale a sigh of relief.

HUMC is just 48 hours from being given new life.

Talking Ed Note: Even after a devastating legal analysis offered earlier by “Not Stempler” on Grafix Avenger, Councilwoman Beth Mason is still attempting to claim credit along with the “council minority” for the success.  Their so called worthless, non-binding “agreement” has the same legal authority as if the nation of Cuba negotiated the sale terms as in none.

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