Montefiore plans to acquire New York-Presbyterian affiliate hospital
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.