Sound Shore Medical Center and Mount Vernon Hospital have filed for bankruptcy as part of a plan to be acquired by Montefiore Medical Center in the Bronx, the Journal News/lohud.com reports today.
The Sound Shore Health System, which includes Mount Vernon Hospital, has signed an “asset purchase agreement” with Montefiore for the Bronx hospital to buy its assets as well as some of its debts, according to a statement.
The deal includes the Helen and Michael Schaffer Extended Care Center in New Rochelle. Both hospitals said they expect to close the deal by the end of the year. Terms were not disclosed.
While the case is making its way through Bankruptcy Court, Sound Shore and Mount Vernon will continue to provide uninterrupted care for patients.
Montefiore long has been mentioned as a possible suitor for the financially weakened Sound Shore system (pictured here), which includes Mount Vernon — considered the most likely hospital in the region to close. Westchester Medical Center in Valhalla had said it was exploring a plan to merge with Sound Shore, but the Valhalla hospital said this month that it was ending those talks.