HOBOKEN MUNICIPAL HOSPITAL AUTHORITY
Hoboken University Medical Center
308 Willow Avenue
Hoboken, New Jersey 07030
PUBLIC NOTICE
Pursuant to the Provisions of NJSA 10:4-6, et. seq., there will be a Special Meeting of the Hoboken Municipal Hospital Authority at 6:00 PM on Tuesday January 4, 2011.
AGENDA
1. Executive Session closed to the Public, pursuant to NJSA 10:4-12(b)(7); Contract negotiation and matters falling within the Attorney Client Privilege.
2. Resolution Authorizing the execution of a Letter of Intent to begin a period of exclusivity to negotiate a binding agreement for an asset purchase.
3. Public Comments
Action will be taken at this meeting.
LOCATION: Assumption Hall, Hoboken University Medical Center, 308 Willow Avenue, Hoboken, New Jersey
George W. Crimmins - Executive Director
This is a very important meeting in terms of privatizing the hospital. If you support the long term health of the hospital as well as the important step of privatization do your best to attend and voice your concerns. Beth Mason and the Unions appear poised to try and undermine this deal based on some of my sources.
Original Post 12/29/2010: A very important HUMC Hospital Board meeting will take place Tuesday January 4, 2010 at 6pm on January 4th, 2010. It was moved due to concerns over making sure that proper noticing was provided. The Jersey Journal only had to be provided the release which they were but due to the logistical issues could not post it in time for this Thursday. As such, the HUMC Board thought it was best to move it to next Tuesday to ensure that all interested parties would know. Based on my source I believe the finalist will be disclosed at the meeting. Readers do understand that there will still need to be a due diligence process before the transaction could be brought to formal closure. This is a very important step and if the company selected holds up during the due diligence process this would be a big victory for Hoboken and its taxpayers and for the Mayor.
As such expect the naysayers to be present at the meeting including Beth Mason and her trusty minion Lane Bajardi. I highly advise that as many people as possible who support privatization of the hospital and protecting the Hoboken taxpayer as well as those like myself that want to see the hospital succeed with a strategic partner (going it alone is simply not economically viable) show up and support this transaction. The Catholic Leadership and the Unions will all have motivation to be there and some of their concerns may indeed have merit but the taxpayer too has concerns (over $52 million of them) and should have their voice heard as well. You will undoubtedly hear cries of limited transparency but during the negotiations and due diligence phase they are simply required to put the City in the best possible negotiating position.
I would like personally congratulate the HUMC Board, the leadership of Chair Toni Tommarazzo and the Hospital for at least getting to the next step. Much work still remains and it is my hope that real concerns are addressed without getting too political.
Here is the official notice.......
Delays in Public Notice Advertising Due to Weather Causes
Hoboken Municipal Hospital Authority Meeting to be Rescheduled for Tuesday January 4, 2011
Hoboken, New Jersey – The Hoboken Municipal Hospital Authority ("HMHA") has rescheduled its meeting that was previously planned for Thursday, December 30, 2010 at 6:00 p.m. The new date for the meeting is Tuesday, January 4, 2011 at 6:00 p.m. The meeting will take place at the Hoboken University Medical Center ("Hospital") in Assumption Hall. Public notice advertisements were submitted to the Star-Ledger and the Jersey Journal by the appropriate deadlines to have public notice published 48 hours prior to the December 30, 2010 meeting date, and the public notice did successfully run in the Star-Ledger. A public notice did not appear in the Jersey Journal as scheduled, due to logistical issues potentially resulting from the snowstorm.
The HMHA decided to postpone the meeting to ensure all interested parties receive proper public notice and to ensure the widest participation in the HMHA's ongoing process to privatize the Hospital. Accordingly, the HMHA elected to reschedule the meeting for Tuesday, January 4, 2011. ◦
