CarePoint Health Systems has initiated a financial restructuring by filing for Chapter 11 bankruptcy to enhance its capital structure and ensure uninterrupted patient care across its three Hudson County hospitals. With $67 million in new financing, the organization aims to address rising operational costs and reimbursement challenges while maintaining employee salaries and benefits. Dr. Achintya Moulick will lead the transition, emphasizing the importance of these hospitals for the uninsured and underinsured populations in the community.
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