Sponsored by VMG Health | gregk@vmghealth.com | 214.369.4888

Bankruptcy Judge Approves Montefiore Medical Center's Bid for Westchester Square Medical Center

Share on Facebook
A U.S. bankruptcy judge has approved Bronx, N.Y.-based Montefiore Medical Center's bid to acquire New York Westchester Square Medical Center in the Bronx, according to a New York Daily News report.

Montefiore Medical reached an agreement to purchase WSMC in December, but a competing offer from a group of real-estate investors sent the transaction decision to a bankruptcy auction. Montefiore Medical and the real-estate investors have different plans for WSMC, but with the bankruptcy judge's decision, only Montefiore's will come to fruition.

According to the report, WSMC will be renamed Montefiore Westchester Square and will not be a full-service community hospital. The facility will have an emergency room, ambulatory surgery and provide outpatient care, but there will be no beds for inpatient care, so patients needing admission will be transferred to another facility.

These changes have not been well received by the community or hospital staff who feel the facility needs to remain a full-service hospital. According to the report, hospital staff and community members hope to fight this decision.

More Articles on Hospital Sales:

N.J. Attorney General Closely Reviews Prime Healthcare's Purchase of St. Mary's Hospital
Purchase of Scott County Hospital in Tennessee Sees Further Delays
Montefiore Medical Center to Acquire N.Y. Westchester Square Medical Center

© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New from Becker's Hospital Review

Berkshire Health Systems May Acquire Northern Berkshire Healthcare's Assets

Read Now