Montefiore eyes bankrupt Bronx hospital (Crain’s NY Business)

December 12, 2012 – Montefiore Medical Center is expected to buy bankrupt New York Westchester Square Medical Center when the Bronx community hospital puts itself on the auction block next month for about $14 million.The hospital will be in bankruptcy court tomorrow to ask a judge to approve the proposed auction. The hospital filed a notice yesterday with the state Department of Labor that it will lay off 586 unionized workers by the end of March. But Montefiore plans to make job offers to hundreds of union members.The Bronx community hospital has been fighting for its life since the state’s Berger commission mandated its closure—slated for December 2008 but delayed by a lawsuit and a bankruptcy filing six years ago.

Link to Full Article: http://www.crainsnewyork.com/article/20121212/HEALTH_CARE/121219966

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