Waltham Hospital to close
* Waltham (Mass.) Hospital is expected to close July 29 after its board voted to begin closing proceedings. The decision last month follows a yearlong battle to preserve the 159-bed hospital, which was targeted for closure in June 2002 by its former parent, CareGroup, Boston. The troubled hospital, at one point losing more than $1 million per month, was subsequently taken over by the community-based Coalition to Save Waltham Hospital. Officials said efforts to reduce expenses, create programs and recruit doctors over the past year did not sustain the needed volume. Beth Israel Deaconess Medical Center, Boston, will assume operation of the cancer-care center on the hospital grounds. Hospital officials said they are exploring proposals from area providers to offer urgent-care services to replace the existing emergency room care. The hospital survived for the past year with the help of $8.5 million from the sale of its 18.5-acre campus and buildings to a local real estate developer and $2 million in emergency state aid.
Saint Vincent is moving offices
* Eight-hospital Saint Vincent Catholic Medical Centers of New York announced last week that it signed a 20-year lease for 104,500 square feet of corporate space in midtown Manhattan, marking a milestone in the success of the 2000 merger between Saint Vincents Hospital and Medical Center, Catholic Medical Centers and Sisters of Charity Healthcare System, officials said. The new space will house many of the business operations taking place at more than a dozen sites throughout the metropolitan area. Officials said approximately 500 employees will be relocated, and the system will save $500,000 annually on real estate costs. Since the merger, Saint Vincent has centralized business reporting relationships, unified information systems platforms and standardized financial reporting, budgeting, billing and purchasing, officials said.