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North Shore-LIJ To Buy St. Vincent's Home Health for $17 Million

 |  By John Commins  
   August 13, 2010

North Shore-LIJ Health System member North Shore University Hospital will buy the bankrupt Saint Vincent’s Catholic Medical Center Certified Home Health Agency for $17 million, the Great Neck, NY-based health system announced this week.

The deal, which awaits approval from a federal bankruptcy judge, provides an eight-county Certified Home Health Aides (CHHA) license for North Shore University Hospital, which includes the five boroughs of New York City, Nassau, Suffolk, and Westchester counties. North Shore-LIJ Home Care now is licensed for Long Island and Queens.

The purchase includes $17 million in cash and assumption of some CHHA obligations. North Shore University Hospital will retain CHHA workers who meet its hiring standards and will work with the unions to transition the work force.

“The ability to provide post acute services such as home care, in counties where we have hospitals is strategically important as we continue to bundle and integrate chronic disease across the continuum of care,” said Michael Dowling, president/CEO of North Shore-LIJ Health System. “Many patients do best in their home environment. With this new acquisition we’re expanding our ability to reach the number of patients who can receive clinical services in the comfort of their own homes.”

When the deal is finalized, CHHA will be part of the North Shore-LIJ Health System’s Home Care Network, which conducts more than 800,000 home health visits annually for short-term health issues such as recovery from surgery, to longer-term chronic care management of conditions such as congestive heart failure, stroke, diabetes and other illnesses.

“When you look at providing service to a community—you look at how to best meet a need with quality care,” says Mark Solazzo, executive vice president/COO for North Shore-LIJ Health System. “We know that providing quality home healthcare is essential in our area. We believe this purchase makes sense for us and for the community from both a quality and access to care perspective.”

The 15-hospital North Shore-LIJ Health System is the nation's second-largest, non-profit, secular healthcare system, with a service area that extends into Long Island, Queens, Manhattan, and Staten Island, encompassing more than 7 million people.

John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.

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