Nj trust law

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Clients trust us because we are responsive, for our ability to find solutions where others only recognize problems, and, of course, for our results. Glen Ridge, Verona, Bloomfield, Cedar Grove, Morristown, Hoboken, Jersey City, Hackensack, Newark, Livingston, Essex County, Passaic County, Morris County, Union County, Bergen County and Hudson County. New Jersey State Senate President Steve Sweeney, backed by fellow South Jersey lawmakers and other supporters, speaks at a news conference outside Memorial Hospital of Salem County on Tuesday, Oct. 51 million trust fund that is now held by a Morris County foundation.

The money, the lawmakers say, would help facilitate the sale of Memorial to a new buyer. Melanie is a general assignment reporter. She joined the Inquirer in 2000. Tapes captured a New Jersey police chief making racist remarks. The Memorial Hospital of Salem County, which has been struggling for years, remains on life support and desperately needs an infusion of cash from a trust fund to keep its doors open, state lawmakers said Tuesday.

51 million trust fund to Salem County to help facilitate the sale of the hospital. The money was set aside for the Salem Health and Wellness Foundation when the hospital was sold earlier, in 2002. Memorial Hospital of Salem County, N. South Jersey lawmakers said Tuesday, Oct. The funds are a key ingredient to facilitate the sale to a non-profit that will keep the hospital open and provide medical care for the region. Salem Memorial is the only acute care facility in the region and it is needed to provide medical care.

Sweeney, joined at a news conference outside the hospital by Deputy Assembly Speaker John Burzichelli and Assemblyman Adam Taliaferro, also Gloucester County Democrats, along with bipartisan local elected officials, nurses and doctors, said the funds would be used by the Inspira Health Network, which wants to buy the hospital. Inspira currently operates hospitals in Cumberland, Gloucester, and Salem Counties. Salem County’s other hospital, Elmer Hospital, is operated by Inspira, but is 25 miles from the county’s main residential areas. Inspira spokesman Paul Simon said in a statement Wednesday. Because some ideas we explore do not come to fruition, we make no public comments about our strategic planning until our plans are final and ready to move ahead.

The lawmakers said Community Health Systems, Memorial’s industry-giant parent company, has been trying to complete a deal with Inspira, but the trust fund is key to the transaction. Salem Foundation to the Community Foundation of New Jersey in Morris County, Sweeney said. Goins, executive director of the Salem Health and Wellness Foundation, said in a statement. As with other potential acquisitions of the hospital, we have expressed a willingness to support the purchase with an investment from the foundation. Inspira about its bid to acquire the hospital. Under the law, the foundation has the first option to buy the hospital.

Memorial Hospital is the only acute-care facility in Salem County and the only one operated by Community Health System in New Jersey. It was also one of the largest employers in the county of 63,000 people, but staffing has dwindled from about 500 employees to about 250 amid uncertainty about its fate, Sweeney said. Community Health Systems officials did not respond to a request seeking comment. It operates six hospitals in Pennsylvania, including in Scranton, Wilkes-Barre, and Berwick. 35 million after a law was passed to allow for the purchase of the nonprofit hospital by a for-profit entity.