Hoboken Hospital Receives $4.1M in State Funds

While the Hoboken Municipal Hospital Authority is with HUMC Holdco LLC to finalize the, on Monday afternoon the Christie Administration announced that it would give $4.1 million to the medical facility.

Hoboken's share is part of a $30 million Health Care Stabilization Fund grant, which is being divided over ten municipalities.

“Stabilization funding provides critical support to health care facilities to ensure that access to vital services can be maintained in a community when its health care facilities are in distress,’’ said New Jersey Health and Senior Services Commissioner Dr. Poonam Alaigh in a press release.

Mayor Dawn Zimmer, who serves on the hospital Authority, said that the city "advocated strongly for this funding."

Although negotiations with HUMC Holdco LLC have not been made public—to the dismay of some organizations, such as and —Zimmer's release on Monday stated that  the hospital is supposed to stay open as an accute care facility. Further, the statement read that the sale will result in "relieving the City’s taxpayers of the $52 million bond guarantee obligations made to save the hospital in 2007, and preserving the jobs of Hospital employees."