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News Throughout Bergen County, NJ

Pascack Valley Hospital purchase still undecided

Pascack Valley Hospital, Westwood, New Jersey
Pascack Valley Hospital, Westwood, NJ
WESTWOOD, NJ / BERGEN COUNTY, NJ - The decision by a United States Bankruptcy Court on whether Hackensack University Medical Center can purchase the hospital license of Pascack Valley Hospital has been delayed.

HUMC's purchase of the license and attendant plan to reopen the closed Westwood hospital is being opposed by The Valley Hospital of Ridgewood and Englewood Hospital and Medical Center. The two hospitals argue that reopening Pascack Valley would harm other area hospitals in Bergen County by taking patients away from their own facilities.

Hackensack reportedly raised its offer from $650,000 to $800,000 Monday night. The Valley Hospital countered with an offer of $2 million to buy the license and terminate it.

Judge Rosemary Gambardella has permitted the parties additional time to file papers, and stated that she would issue her decision from the bench on Thursday, May 7.

The Pascack Valley hospital license expires on December 28, 2009.

 

BERGEN COUNTY NEWS LOCATION: Westwood NJ, Westwood New Jersey, Bergen County NJ, Bergen County New Jersey