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The basics:

• Hudson Regional Health unites four hospitals and 70+ affiliated practices
• Emerged following CarePoint Health‘s bankruptcy process
• Over $120M invested to secure the system’s foundation
• 1,500 doctors, 5,000 staff to serve Hudson County

Hudson Regional Health system has launched.

Leaders announced the creation of the four-hospital health system headquartered in Secaucus May 27. The network incorporates Hudson Regional Hospital, Christ Hospital in Jersey City, Hoboken University Medical Center, Bayonne Medical Center and more than 70 affiliated practice locations.

The announcement follows the wrapping up of legal hurdles pertaining to the bankruptcy of CarePoint Health System, on which NJBIZ has extensively reported. In April, a federal bankruptcy court cleared the way for the creation of the new health system. On May 22, the plan went into effect.

“More than five years ago, it was clear to us that the only means of creating a thriving health care 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,” said Yan Moshe, Hudson Regional Health chairman.

Moshe first transformed Meadowlands Hospital into Hudson Regional Hospital in 2018. Now, he is completing the acquisition of all the hospital properties and the operations of Bayonne Medical Center. He will also oversee the operations of the not-for-profits Hoboken University Medical Center and Christ Hospital.

Moshe has provided more than $120 million in funding to secure CarePoint’s exit from bankruptcy, enabling upgrades akin to those at Hudson Regional Hospital under the leadership of President and CEO Dr. Nizar Kifaieh, who was also named chief executive officer of Hudson Regional Health.

What’s next

“Our innovations in Secaucus can now be scaled to provide even greater impact to the region,” said Kifaieh. “Health care 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 1,500 doctors and 5,000 total staff delivering a broad range of services including the county’s only certified university-level medical education program.”

Key things to know:

• Previously announced Improvements and proposed facility renovations aim to transform offerings in each of HRH’s communities
• The new system says it will make a series of announcements as it initiates health care programs and processes with bodies such as the health department
• HRH says it derives its brand energy from the “pioneering spirit and legacy of Hudson Regional Hospital”
• HRH will roll out a new branding and identification program with community activation, public health, wayfinding and online programs

Putting the pieces together

Moshe and Kifaieh note the efforts of its extensive team to reach this point in the bankruptcy reorganization process, particularly 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,” said Moshe.

“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,” said Nabulsi, chair of the Healthcare practice at Mandelbaum Barret PC.

Moulick said, “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 health care system in Hudson County.”

Moshe added, “Through the tireless determination of our team and our commitment to 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.”