HUDSON REGIONAL HEALTH LAUNCHES 4 HOSPITAL SYSTEM AFTER BANKRUPTCY PLAN GOES EFFECTIVE FOR CAREPOINT

SECAUCUS, N.J., May 27, 2025 /PRNewswire/ -- The final judicial step in the creation of Hudson Regional Health, a new health system, headquartered at in Secaucus and incorporating Hudson Regional Hospital, Christ Hospital in Jersey City, Hoboken University Medical Center, Bayonne Medical Center and more than 70 affiliated practice locations that include a broad spectrum of surgical and medical specialties as well as primary care, was announced today by Yan Moshe, its Chairman, and Dr. Nizar Kifaieh, its CEO.

On April 17, 2025 , US Bankruptcy Judge Kate Stickles entered an order confirming the Chapter 11 plan of CarePoint Health Systems Inc. and affiliated entities, which paved the way for the creation of the System. On May 22, 2025, the plan went "effective," enabling HRH to implement the transactions contemplated by the plan.

Mr. Moshe, who transformed the former Meadowlands Hospital into Hudson Regional Hospital in 2018, is completing acquisition of all the hospital properties and the operations of Bayonne Medical Center and oversee the operations of the not-for-profits Hoboken University Medical Center and Christ Hospital.

"More than 5 years ago, it was clear to us that the only means of creating a thriving healthcare environment in Hudson County was to recapitalize the property ownership and the operations of its four major hospitals into one high-performing, efficient and stable organization," says Mr. Moshe. "Through the tireless determination of our team and our commitment our vision, the community can now look forward to a leading blend of state-of-the-art medical facilities, pre-eminent providers and skilled management."

In order to secure CarePoint's exit from bankruptcy, Mr. Moshe provided more than $120 million in funding, enabling the former CarePoint facilities to be upgraded similarly to the program designed for the award-winning Hudson Regional Hospital by Dr. Kifaieh.

"Our innovations in Secaucus can now be scaled to provide even greater impact to the region," says Dr. Kifaieh. "Healthcare is a profound responsibility to the well-being of the community and we have embraced the opportunity to deliver an exceptional system with more than 1500 doctors and 5000 total staff delivering a broad range of services including the county's only certified university-level medical education program."

Hudson Regional previously announced a broad set of improvements and has proposed facility renovations and construction programs that will transform healthcare offerings in each of its communities. Hudson Regional will make a series of announcements as healthcare programs are initiated and processes with various bodies including the department of health proceed.

Mr. Moshe and Dr. Kifaieh credited the collaboration of an extensive team as the source of inspiration and expertise that led to the bankruptcy reorganization plan, notably Hudson Regional's attorney Mohamed Nabulsi and former CarePoint CEO Dr. Achynta Moulick. "Dr. Moulick worked selflessly and tirelessly to assure that these hospitals survived to realize their potential in a new management structure, and Mr. Nabulsi methodically put the pieces together so that we leveraged our strengths while overcoming obstacles along the way," says Mr. Moshe.

"It has been exceptionally gratifying to work through the myriad of legal and practical issues to arrive at this solution which promises to permanently and sustainably transform the healthcare system in Hudon County," says Dr. Moulick. "Our partners at Hudson Regional demonstrated time and again that no obstacles would deter them and I am proud to have been part of this solution."

"The bankruptcy process played a crucial role in restructuring the hospitals and achieving our client's ultimate objective of ensuring the long-term financial viability of the hospitals; based on Mr. Moshe and Dr. Kifaieh's keen vision, we crafted a successful plan for the hospitals that secured the votes of the major creditors and constituents and was ultimately approved by the court," says Mr. Nabulsi. "After nearly a year, the rigorous bankruptcy process, with Judge Michael Kaplan's deep wisdom and masterful skills as mediator, yielded an excellent result for our client and the healthcare community in New Jersey. We will remember in future years the importance of these proceedings and appreciate their significance," says Mr. Nabulsi.

As a new corporate entity, Hudson Regional Health derives its brand energy from the pioneering spirit and legacy of Hudson Regional Hospital. Over the coming weeks, Hudson Regional Health will roll out its branding and identification program with new community activation, public health, wayfinding and online programs. 

About Hudson Regional Health

Hudson Regional Health now operates a network of four acute care facilities comprising Hudson Regional Hospital in Secaucus, Bayonne Medical Center, Hoboken University Medical Center, and Christ Hospital in Jersey City. Following the example of our flagship hospital in Secaucus, the three other recently affiliated hospitals are undergoing a transformation into the premier healthcare network serving Hudson County, dedicated to providing high-quality, compassionate healthcare services, advanced medical education, and innovative treatments to its diverse community. 

With a mission of building a healthier community by providing exceptional care for all patients through a significant investment in new technology led by the Institute of Robotic Surgery in Secaucus, featuring the Da Vinci XI Robotic System, ExcelsiusGPS and the Mazor Robotic Guidance System and access to more physician groups including some of the best physicians in the NYC-metro area. Among other notable attributed, the network's ER team covers all EMS services and provides around-the-clock comprehensive emergency care services that include short wait times, EMS/Ambulance On-Site 24/7, a fully equipped EMS Lounge, 24/7 Access to Specialty Physicians and a multi-lingual staff.

SOURCE Hudson Regional Health