New owner for psychiatric hospital
by John Golden
August 20, 2010
St. Joseph’s Medical Center officials in Yonkers signed a purchase
contract late Wednesday to take over St. Vincent’s Hospital Westchester,
the Harrison psychiatric facility that is a valued asset of the bankrupt
St. Vincents Catholic Medical Centers of New York.
The purchase price was not disclosed. The agreement still must be
approved by state regulatory agencies and by the U.S. Bankruptcy Court
for the Southern District of New York. A St. Joseph’s spokesman said the
ownership transition is expected to be completed by late October.
St. Vincents Catholic Medical Centers of New York in April closed its
flagship Greenwich Village hospital, St. Vincent’s Hospital Manhattan,
and filed for Chapter 11 bankruptcy, claiming more than $1 billion in
debt. Two of the Roman Catholic institution’s nursing homes and its home
health care agency and program are being sold at bankruptcy auctions.
St. Vincent’s Westchester, with about 930 employees, has been fully
operational through the bankruptcy, as it was during a 2005 bankruptcy
reorganization by its parent St. Vincent’s. At its 275 North St.
hospital in Harrison, it has 138 beds for psychiatric and alcohol and
substance-abuse patients. It provides inpatient and outpatient services
for children, adolescents, adults and their families at its main 65-acre
campus and at locations in White Plains, Tuckahoe and Port Chester. The
hospital also operates residential programs in Staten Island, Brooklyn,
Queens, the Bronx and Westchester and offers opioid treatment services
in Brooklyn, Queens and Westchester.
James J. Landy, Saint Joseph's Medical Center board chairman, in a
prepared statement said the Yonkers hospital looks forward to
“supporting and sustaining” those services for Westchester and
metropolitan area residents.
Both nonprofit hospitals trace their origins to the community work of a
Roman Catholic religious order, the Sisters of Charity. The order
founded St. Vincent’s Westchester in 1879 and opened St. Joseph’s at its
South Broadway location in 1888.
"With this acquisition, we can build on the legacy of mission and
service given to us by the Sisters of Charity," said Michael Spicer,
president and CEO of Saint Joseph's Medical Center.
St. Joseph’s employs 1,225 workers at its 194-bed hospital and 200-bed
nursing home.
|
