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March 5th, 2014

Bankruptcy Court Approves Medical Center

The United States Bankruptcy Court, Southern District of New York, approved Westchester Medical Center’s (WMC) purchase of the assets of Saint Francis Hospital and Health Centers (SFHHC), ushering in an era of unique cooperation, collaboration and momentum for the Poughkeepsie hospital and its programs.

"Westchester Medical Center’s historical mission has always been to ensure that Hudson Valley residents have access to the finest advanced medical care as close to home as possible, regardless of their ability to pay," said Michael D. Israel, WMC President and CEO. "Saint Francis has been a critical link to quality care for those living and working in the community and we believe that the organization’s future as a full-service community hospital is very bright indeed."

"We say this speaking from a great depth and breadth of experience," said Mark Tulis, Chair of the WMC Board of Directors. "Nearly a decade ago, Westchester Medical Center was faced with a similar challenge. Our current management team came in and oversaw a very successful turnaround and the Medical Center is now entering its ninth consecutive year with a positive bottom line."

Tulis said that today WMC’s three health care facilities (415-bed University Hospital, 136-bed Maria Fareri Children’s Hospital and 101-bed Behavioral Health Center) are all operating near, at or above capacity and the Medical Center will have invested more than $200 million into our infrastructure, technology and physical plant in just four years.

According to Dr. Samuel Simon, SFHHC Board Chair, "The only real way to save locally provided services and the core mission of Saint Francis Hospital is to keep them managed in the community on the existing campus."

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