HOBOKEN – After a real estate advertisement for a “long term sale leaseback” for Hoboken University Medical Center appeared on a real estate website, Hoboken Municipal Hospital Authority Chairwoman Toni Tomarazzo said Tuesday that the issue is something “being addressed as part of the negotiations.”
Tomarazzo said the ad for a sale leaseback appears to be a “finance mechanism,” but didn’t wish to speak on behalf of the bidders, HUMC Holdco, LLC, a group with common ownership with Bayonne Medical Center. Currently, the Hoboken Municipal Hospital Authority is negotiating with HUMC Holdco, LLC, to sell the hospital to them.
“It appears to be their due diligence with respect to them examining financing,” Tomarazzo said on Tuesday. “It’s something we are reviewing as we go onward and upward [in the negotiations].”
Tomarazzo said the three goals for the city, which are to alleviate the city of a $52 million bond guarantee, to retain jobs, and maintain long-term acute health care in the city, will still be met with the new owner.
See an earlier link from today at www.hudsonreporter.com. For a complete story and update on the sale from the weekend paper, click HERE. – Ray Smith
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