New Jersey Hospital Chain Files for Bankruptcy

One of the hospitals in the financially distressed health care system serves nearly 100,000 people every year.

A person arrives at the U.S. District Bankruptcy Court for the Southern District of New York in New York City on Jan. 9, 2020. Brendan McDermid/Reuters

CarePoint Health Systems, a New Jersey-based health care system consisting of three hospitals, has filed for bankruptcy and financial restructuring because of ongoing cost challenges.

In order to facilitate the restructuring process, the nonprofit filed for Chapter 11 relief in the U.S. Bankruptcy Court in Delaware.