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Montefiore to Acquire Another Bankrupt Hospital

John Commins, for HealthLeaders Media, June 3, 2013

Spicer told the radio station that Sound Shores physicians would warm to the plan as they learned the details. "The more they are finding out… and we've become a little more public with everything, the comfort level is increasing," Spicer said.

"Montefiore has said out loud that they are committed to the private practice of medicine and our voluntary attending physicians, Montefiore has a couple of mechanisms within their structure, meaning the Montefiore IPA – which is an Independent Practice Association – which helps doctors improve their rates with insurers. And I think more and more our physicians are very comfortable with the entire process."

With the promise that both hospitals would remain open, the deal appears to have the support of the heavily unionized workforce at Sound Shore. The combined new system will include about 8,500 unionized staff. "Patients in Mount Vernon and New Rochelle deserve access to hospitals where they live," said Jill Furillo, RN, executive director of the New York State Nurses Association, which represents nurses at Sound Shore. 

"Montefiore has committed to keeping Mount Vernon and Sound Shore hospitals open for care. We look forward to working with Montefiore, patients, and community leaders to preserve and expand healthcare access in our communities." 

Adam Powell, a healthcare economist, says he thinks the deal will be approved by a federal bankruptcy judge because the acquisition is a good fit.

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