[2013-05-29] - - Sound Shore Health System and Montefiore Health System have signed an Asset Purchase Agreement for Montefiore to acquire the assets of Sound Shore Health System.
- This transaction will create a broader and stronger healthcare infrastructure serving the communities of southern Westchester and the surrounding area.
- Sound Shore Health System has filed voluntary petitions under Chapter 11 of the Bankruptcy Code.
- Sound Shore Health System will continue to operate business-as-usual until the acquisition is complete.
- Montefiore is committed to keeping the two community-based hospitals and extended care center vibrant and ensuring the medical centers remain first-class facilities.
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