Mon­te­fiore plans to ac­quire New York-Pres­by­te­rian af­fil­i­ate hospi­tal

Modern Healthcare - - REGIONAL NEWS - —Bob Her­man

Mon­te­fiore Health Sys­tem, New York, has signed a let­ter of in­tent to ab­sorb a hospi­tal that is an af­fil­i­ate of one of Mon­te­fiore’s com­peti­tors, New York-Pres­by­te­rian Health­care Sys­tem.

Ny­ack (N.Y.) Hospi­tal, a 375-bed fa­cil­ity that is a mem­ber of New York- Pres­by­te­rian’s net­work, has agreed to join the Mon­te­fiore sys­tem. New York-Pres­by­te­rian had not re­turned calls seek­ing com­ment by dead­line.

Ny­ack is about 20 miles north of Mon­te­fiore’s flag­ship cam­pus in the Bronx. Of­fi­cials ex­pect a de­fin­i­tive agree­ment will be com­pleted in a few weeks, a Mon­te­fiore spokes­woman said.

“We see great op­por­tu­nity in work­ing with Ny­ack Hospi­tal and en­hanc­ing its rich his­tory of pro­vid­ing ex­cel­lent care in the com­mu­nity,” Dr. Steven Safyer, pres­i­dent and CEO of Mon­te­fiore, said in a news re­lease. “Mon­te­fiore is fo­cused on build­ing a re­gional health­care de­liv­ery sys­tem that is closely aligned with com­mu­nity physi­cians and groups.”

Mon­te­fiore’s at­tempts to build that re­gional sys­tem have in­ten­si­fied in the past year. In ad­di­tion to the Ny­ack trans­ac­tion, Mon­te­fiore signed a deal to add White Plains (N.Y.) Hospi­tal as an af­fil­i­ate in Fe­bru­ary. White Plains Hospi­tal is a mile away from New York-Pres­by­te­rian’s Westch­ester Di­vi­sion.

A de­fin­i­tive agree­ment be­tween Mon­te­fiore and White Plains has not yet been reached.

Last Novem­ber, Mon­te­fiore of­fi­cially ac­quired Sound Shore Health Sys­tem, a two-hospi­tal sys­tem based in nearby New Rochelle, N.Y., that went through bankruptcy.

Ny­ack (N.Y.) Hospi­tal is ex­pected to be­come part of Mon­te­fiore Health Sys­tem.

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