CarePoint Health, an independent healthcare system in Hudson County, NJ, announced that a new community-based non-profit entity owns a majority interest in CarePoint Health’s three hospitals: Christ Hospital, Hoboken University Medical Center, and Bayonne Medical Center.
The formation of the non-profit led by CarePoint CEO Achintya Moulick MD, MBA, was originally announced in October 2021. The donation of Vivek Garipalli’s majority interest in the three hospitals ensures community control of the healthcare system moving forward.
CarePoint Health employs over 3,000 people in Hudson County and continues to care for a population that is 80% African American and Hispanic with a high percentage of uninsured and Medicaid patients, especially at Christ Hospital and Hoboken University Medical Center where they make up approximately 60% of the current patient mix. The transition to non-profit control opens up a wide array of opportunities to support Hudson County’s underserved patients moving forward. Read more.
