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Prime Healthcare's Suit Against Christ Hospital's Buyer Barred

Friday, 06 December 2013 01:37
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The Hudson entities were the successful bidder in bankruptcy for essentially all of the assets of Christ Hospital, a New Jersey not-for-profit corporation. The sale, pursuant to a court-ordered auction process, was approved by Court order on March 27, 2012. That Order provided Hudson with what it contends are the benefits of broad "free and clear" protections as a purchaser of hospital assets per 11 U.S.C. Sec. 363(f).

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