St Michael’s Medical Center Is Up For Sale in Chapter 11
St Michael’s Medical Center filed a chapter 11 case in Newark, New Jersey on August 10, 2015. A sale of substantially all of St Michael’s assets to the “highest and best” bidder, is scheduled for November 5, 2015. Currently, the best bid on the table is a $49m bid from California based Prime Healthcare. But those involved in NJ healthcare question the wisdom of such a sale and are looking for the State to take a proactive stance. Read the attached article for more information.