HOBOKEN, N.J.—A bankruptcy court judge approved plans to sell the Hoboken University Medical Center to buyer HUMC Holdco. Terms of the sale won approval from the creditors committee earlier in the month. To close the deal, HUMC Holdco, which also owns the Bayonne (N.J.) Medical Center, must win a certificate of need from the state. “HUMC Holdco's ownership team is extremely proud to keep the doors open at the oldest hospital in the state and remains dedicated to making investments in HUMC's future,” Phil Schaengold, chief transition officer of HUMC Holdco, said in a news release after the creditors' approval. The municipally owned hospital's management company entered bankruptcy in August, and last month, Gov. Chris Christie said the state would commit $5 million to help close the sale.
Regional News/Northeast: Bankruptcy court approves sale of Hoboken University Medical Center, and other news
NEW YORK—New York City Health and Hospitals Corp. announced the opening of an ambulatory-care pavilion and 85-bed expansion of its Gouverneur Healthcare Services nursing home. The development, part of a $200 million renovation and expansion of primary-care and preventive-health services, includes construction of the five-story pavilion as part of a 13-story tower. The project includes an ambulatory-care center with a 30,000-square-foot Women's and Children's Center, dialysis and an ambulatory surgery center. In the next two years, Gouverneur Healthcare Services' existing 330,000-square-foot facility will undergo renovation, HHC said, and patients will move to the newly constructed tower during renovation. Once complete, the facility will total 450,000 square feet.
EGG HARBOR TOWNSHIP, N.J.—AtlantiCare said it would begin to enroll patients in an accountable care organization next year. The newly created ACO will operate under a separate not-for-profit, AtlantiCare Health Solutions, with a physician-controlled governing board, David Tilton, AtlantiCare president and CEO, said in a news release. The New Jersey accountable care group, one of several fledgling private-market efforts under way, will include employed and independent doctors and insurers, according to the release. Dr. Katherine Schneider, AtlantiCare's senior vice president, said in the release that the system has gained experience managing chronic conditions with medical homes, a model that could be expanded. “We are beginning this work with our own employees and their dependents because we believe we can positively impact their health and the sustainability of our organization,” she said.
MARLBOROUGH, Mass.—Kindred Healthcare, Louisville, Ky., said it acquired Synergy Home Health Care. Terms of the deal were not disclosed. The acquisition is one of the latest among long-term acute-care operators as the sector seeks to diversity ownership of post-acute services. Kindred used its cash and revolving credit to finance the acquisition of Synergy, which operates in communities where Kindred already has five acute-care hospitals and roughly two dozen nursing and rehabilitation centers, Kindred said in a news release. Synergy produced roughly $5 million in annual revenue in Marlborough and Weymouth, Mass., according to Kindred.
NEW YORK—The Hospital for Special Surgery said it completed the first stage of its 25,000-square-foot Lerner Children's Pavilion. The pavilion, which includes the recently completed 7,000-square-foot pediatric rehabilitation center, is scheduled to open the middle of next year. The $17.7 million pavilion also will include a 10-bed pediatric unit, 18 examination rooms, three radiology rooms and 6,100 square feet for physician offices and support staff, according to a spokeswoman. The 162-bed Hospital for Special Surgery said the new pediatric rehabilitation center, slated to open to patients this month, will expand its capacity to 30,000 patients a year from about 18,000. The center includes a physical therapy and two occupational therapy gyms and a speech therapy suite. The hospital has raised $30 million to build the pavilion and create an endowment for it.
WILMINGTON, Del.—Children's healthcare system Nemours was looking for a missing storage cabinet containing three backup computer tapes of unencrypted patient billing and employee payroll data affecting about 1.6 million people. The records, reported missing Sept. 8, had been locked in the cabinet that was believed to have been removed around Aug. 10 from a Wilmington Nemours building being remodeled, the organization said in a news release. The tapes stored records “principally between 1994 and 2004” and included names, addresses, dates of birth, Social Security numbers, insurance information, medical diagnosis codes and direct-deposit bank account information. The records were from five Nemours sites in Delaware, Florida, New Jersey and Pennsylvania. Nemours said in the release that it is notifying and offering one year of free credit monitoring and identity theft protection to people whose information may have been compromised, as well as “moving toward encrypting all computer backup tapes and moving nonessential computer backup tapes to a secure off-site storage facility.”
Send us a letter