WESTWOOD, NJ-Pascack Valley Hospital, an acute care facility consisting of multiple buildings on a 20-acre site just 11 miles northwest of the George Washington Bridge, is on the auction block. The institution had filed for Chapter 11 protection in September, but effectively shut down its operations in late November, remaining open through December only to allow people to pick up their medical records.

“The decision to file for Chapter 11 protection was made as the result of several years of significant operating losses and a non-reversible liquidity crisis,” says a hospital spokesman, in a prepared statement. “As the hospital was unsuccessful in finding a strategic partner, it [became] necessary to close the institution’s entire operation.”

The auction process is being conducted for the ownership, which bears the name Pascack Valley Hospital, by Cushman & Wakefield of NJ, East Rutherford, with the latter firm’s Jose Cruz, executive managing director of the its capital markets group, listed in offering materials as the contact. A deadline of noon on Jan. 28 has been set for bids on the property.

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