The Journal News
November 10, 2014
Northern Westchester Hospital-North Shore Deal Advances
By Jane Lerner
Northern Westchester's plan to become part of North Shore-LIJ comes amid a wave of consolidations among hospital in the Lower Hudson Valley
Northern Westchester Hospital has moved closer to sealing a deal with North Shore-LIJ with both institutions signing off on an agreement.
The Board of Trustees at both hospitals have agreed the Mount Kisco hospital will join the Long Island-based North Shore system, Northern Westchester CEO Joel Seligman told employees in a letter.
"We are extremely pleased to report that this agreement meets all of the objectives set out by the NWH Board, acting on behalf of our community," he wrote.
State approval is needed to finalize the deal. Seligman said he anticipated regulators will approve the plan in early 2015.
The hospital first announced it was interested in becoming part of the North Shore system in May.
Northern Westchester's plan comes amid a wave of consolidations that is transforming the Lower Hudson Valley's biggest industry as independent local hospitals become part of bigger, out-of-town health systems.
North Shore is also in the midst of taking over Phelps Memorial Hospital in Sleepy Hollow. The Long Island network has its own health insurance plan, which it is selling on the state health insurance exchange in Westchester , part of the Affordable Care Act, this year.
Hudson Valley Hospital Center officials will ask the state Department of Health on Thursday to approve its takeover by the New York-Presbyterian Healthcare System.
The New York City hospital struck a similar deal with Lawrence Hospital in Bronxville.
Montefiore Medical Center in the Bronx bought bankrupt hospitals in Mount Vernon and New Rochelle and formed an affiliation with White Plains Hospital. It is also negotiating with Nyack Hospital.