Seton in midst of building replacement facility, and other news
The Elizabeth Seton Pediatric Center, a long-term-care provider for children, completed the steel structure of a 137-bed replacement facility. The center opted to construct the 165,000-square-foot building to replace a 90,000-square-foot location after the building was sold and the center’s lease was scheduled to expire in 2012. The pediatric rehabilitation and nursing facility operates New York’s only long-term pediatric ventilator facility, according to the center. The center launched a $125 million capital campaign to finance the construction.
A smaller share of New York workers were covered by health insurance from their employers last year as compared with six years earlier, according to a survey by the New York State Health Foundation. The survey of a random sample of 805 New York-based businesses found that 58% of the companies’ workers had benefits through work in 2009. In 2003, that figure was 69%. The survey relied on data from the Commonwealth Fund for 2003 estimates and the 2009 employer health benefits annual survey by the Kaiser Family Foundation and Health Research and Educational Trust for national figures. The share of businesses that offered benefits was unchanged at 70% during the same period, but fewer employers in 2009 than in 2003 provided a choice of at least two health plans, the survey found. In addition, New York monthly premiums were more expensive, on average, than premiums nationally. The state’s monthly family and single premiums were $1,226 and $452, respectively, according to the survey. For the U.S., average monthly premiums were $1,115 and $402 for family and individual benefits, respectively.
ORCHARD PARK, N.Y.—
Endion Hospitalist Systems, a physician-owned hospitalist program, was purchased Dec. 1 by Cogent Healthcare, a Brentwood, Tenn.-based hospital medicine services provider, according to a Dec. 8 Cogent announcement. Financial terms of the deal were not disclosed. Endion, which takes its named from the Algonquin word for “the place where I live,” employs more than 70 healthcare providers practicing in nine hospitals and skilled-nursing facilities in western New York. “The Endion leadership team remains intact and will continue to manage Endion’s partnerships with hospital clients,” Cogent spokeswoman Anne Hancock Toomey said in an e-mail. “Our physicians and clinical staff will benefit greatly from technology, leadership and support that Cogent will provide,” Endion CEO John Brach said in a news release.
Steward Health Care System agreed to acquire two Massachusetts hospitals from Nashville-based Essent Healthcare, according to a news release. The deal comes less than a month after Steward was formed by the conversion of six-hospital Caritas Christi Health Care from tax-exempt to investor-owned. Terms of the Essent deal were not disclosed. The hospitals are 90-bed Merrimack Valley Hospital in Haverill and 42-bed Nashoba Valley Medical Center in Ayer. The deal would leave investor-owned Essent with three hospitals, one each in Connecticut, Pennsylvania and Texas. Cerberus Capital Management, a private-equity firm, completed its conversion of Caritas Christi last month. Steward agreed to “preserve jobs and maintain the current management teams” at both Essent hospitals. Services, including inpatient psychiatric care, also will be maintained, according to the release. Steward made an undisclosed commitment to invest in the hospitals. Prior to the conversion deal’s announcement in March, Caritas Christi was in discussions to acquire 133-bed Landmark Medical Center, Woonsocket, R.I. Discussions are ongoing, according to a Steward spokesman.
The U.S. Justice Department said Mario Perciavalle became the 10th person to plead guilty in a federal investigation into bid rigging, fraud and bribery at Mount Sinai Medical Center and New York-Presbyterian Hospital. Perciavalle, of Stormville, N.Y., pleaded guilty to bidrigging and fraud conspiracies for work at the 1,039-bed Mount Sinai in New York, according to a Justice Department news release early this month. Perciavalle, formerly Mount Sinai’s associate director of plant services, pleaded guilty to conspiring to rig bids by submitting noncompetitive bids for maintenance and insulation contracts, according to the Justice Department. He also pleaded guilty to mail fraud conspiracy. The department said he awarded work to a co-conspirator’s company and received at least $20,500 in cash kickbacks. Three companies also have pleaded guilty, according to the department. Another eight defendants are awaiting trial.
Elizabeth Seton Pediatric Center’s replacement facility will be nearly twice the size of the current one.