NEW YORK-Bayley Seton Hospital and St. Vincent's Medical Center of Richmond, both on Staten Island, are moving ahead with plans to merge under a single corporation with combined revenues of $305 million. The hospitals, both members of the Sisters of Charity Health Care System, expect to secure needed approvals by late fall and complete the merger after Jan. 1. With the Sisters of Charity's blessing, a plan to combine assets and liabilities under a single corporation was approved by both hospital boards in April. Ray Pohlod, vice president for corporate communications at St. Vincent's, said the combined organization will have a single board, one medical staff and one senior management team. Neither 198-bed Bayley Seton nor 440-bed St. Vincent's will be eliminated.
BRAINTREE, Mass.-The board of Massachusetts Respiratory Hospital has agreed to sell the county-owned specialty facility to Olympus Health Group, a Westborough, Mass.-based post-acute-care company, for $5.9 million, including $4 million in cash and assumption of certain liabilities. Olympus also plans to spend an additional $6.5 million to renovate the 79-year-old hospital. Pending public hearings in October and regulatory compliance, the deal is expected to close by year-end. Olympus owns 26 nursing homes and three other specialty facilities in New England.