WPCNR HEALTH CARING. From Harrison Edwards Public Relations. (EDITED) September 19, 2014:
Today, White Plains Hospital and the Montefiore Health System announced that their affiliation agreement was unanimously approved by the Project Review Committee of the New York State Department of Health’s Public Health and Health Planning Council. The full council will review the agreement in October when the agreement is expected to be final.
Through this innovative partnership, White Plains Hospital will become a member of the Montefiore Health System. The partnership will enable White Plains Hospital to continue to expand its clinical services while retaining its culture of high quality, personalized healthcare.
In the letter acompanying this news release, from Jeannie M. Ashford of Harrison Edwards Public Relations for White Plains Hospital and Montefiore emphasized, in red and bold type to WPCNR:
“that it is factually incorrect to use the term “merger” or “takeover” in describing the proposed transaction. It can be referred to as an “alliance” or “partnership.” There is a legal difference between these two sets of terms.”
WPCNR should point out to readers that the description of this proposed partnership filed with the Project Review Committee of the New York State Department of Health’s Public Health and Health Planning Council, states:
“Montefiore Health System, Inc., requesta approval to become the active parent and co-operator of White Plains Hospital. The proposed project, as described, does not result in any immediate changes in services at White Plains Hospital, in the projected utilization and staffing, or in any restructuring.”
“The applicant (Montefiore Health System, Inc.) will exercise the following active powers”
* Approve the appointment of WPH (White Plains Hospital) management level employees (Chief Executive Officer, President, Chief Medical Officer and Chief Financial Officer).
* Approve White Plains Hospital operating and capital budgets.
* Approve White Plains Hospital operating polices and procedures.
* Approve certificate of need applications.
* Approve White Plains Hospital debt necessary to finance the cost of compliance with operational or physical plant standards required by law.
* Approve hospital contractss for management or for clinical services, other than in the ordinary course of business.
* Approve settements of administrative proceedings or litigation to which White Plains Hospital is a party that may have a material adverse impact on WPH or MHS.”
“The relationship we are embarking on with Montefiore will be a partnership, designed with many benefits to both sides,” said Jon B. Schandler, C.E.O. of White Plains Hospital, who is retiring in January said, “We will continue to treat patients close to home, in a setting where physicians, nurses, and staff consider them to be family. White Plains Hospital will continue to provide exceptional care for our community, and with Montefiore as our partner, we are well positioned to provide advanced community based health care well into the future.”
Montefiore brings to the partnership its academic and research expertise as the University Hospital for Albert Einstein College of Medicine; clinical expertise, including its notable Centers of Excellence in cancer care, cardiovascular services, transplantation and children’s health; and decades of experience in comprehensive care management to improve health and make care more affordable.
“This agreement will make White Plains Hospital the regional hub of Montefiore’s Westchester care network,” said Steven M. Safyer, M.D., President and CEO of Montefiore Health System. “Working with the private-practice physician community and other providers, Montefiore and White Plains Hospital will offer Westchester residents a well-coordinated system of care and the benefits of Montefiore’s innovative, integrated care delivery system and academic partnership with the Albert Einstein College of Medicine.”
In April, White Plains Hospital and the Montefiore Health System signed formal documents outlining the partnership.
(Editor’s Note, the legal definition of a merger is in corporate law:
merger n. 1) in corporate law, the joining together of two corporations in which one corporation transfers all of its assets to the other, which continues to exist. In effect one corporation ”swallows” the other, but the shareholders of the swallowed company receive shares of the surviving corporation. A merger is distinguished from a”consolidation” in which both companies join together to create a new corporation.
The combination or fusion of one thing or right into another thing or right of greater or larger importance so that thelesser thing or right loses its individuality and becomes identified with the greater whole.
Legal Definition of a Takeover (Legal Dictionary):
To assume control or management of a corporation without necessarily obtaining actual title to it.
About Montefiore Health System
Montefiore Health System is a premier academic health system and the University Hospital for Albert Einstein College of Medicine. Combining nationally-recognized clinical excellence with a population health perspective that focuses on the health needs of communities, Montefiore delivers coordinated, compassionate, science-driven care where, when and how patients need it most. Montefiore consists of six hospitals and an extended care facility with a total of 2,059 beds, a School of Nursing, and state-of-the-art primary and specialty care provided through a network of more than 150 locations across the region, including the largest school health program in the nation and a home health program. For more information please visit www.montefiorehealthsystem.org. Follow us on Twitter; like us on Facebook; view us on YouTube.
About White Plains Hospital
White Plains Hospital (WPH) is a 292-bed not-for-profit health care organization with the primary mission of providing exceptional acute and preventive medical care to all people who live in, work in or visit Westchester County and its surrounding areas. Centers of Excellence include the Dickstein Cancer Treatment Center, The William & Sylvia Silberstein Neonatal & Maternity Center and The Ruth and Jerome A. Siegel Stroke Center. The Hospital’s Flanzer Emergency Department is the busiest in Westchester County, seeing over 55,000 visits a year. White Plains Hospital is the only community hospital in Westchester County licensed to perform lifesaving emergency & elective angioplasty in its Joan and Alan Herfort, M.D. Cardiac Catheterization Laboratory. The Hospital is fully accredited by the Joint Commission and earned its recognition as a Top Performer for Key Quality Measures® in 2013. The Hospital is also an eleven-time winner of the Consumer Choice Award, an honor given to the nation’s top hospitals by the National Research Corporation, and received Magnet® designation in 2012 from the American Nurses Credentialing Center (ANCC). In 2014 White Plains Hospital received the Outstanding Patient Experience Award from Healthgrades®, given to only 5% of hospitals nationwide. For additional information, visit http://www.wphospital.org.