Today, the U.S. Bankruptcy Court approved the sale of St. Vincent's Catholic Medical Center's West Village campus to the North Shore-LIJ Health System and the Rudin Family. The following is a joint statement from North Shore-LIJ President and CEO Michael Dowling and Bill Rudin of the Rudin Family:
"With today's approval by the Bankruptcy Court, West Siders are one step closer to having access to the high-quality emergency care they need. We're especially pleased the judge confirmed what we've been hearing repeatedly from residents, business owners and community leaders-the historic agreement reached last month by St Vincent's, North Shore-LIJ and the Rudin family is a great deal for the community and would ensure an innovative, return of comprehensive health care to the neighborhood. We look forward to securing the necessary approvals from city and state officials and working closely with the community so that we can restore high-quality healthcare on the West Side by 2013."
About North Shore-LIJ Health System:
The nation's second-largest, non-profit, secular healthcare system, North Shore-LIJ is an integrated academic health system that delivers world-class clinical care throughout the New York metropolitan area, pioneering research at The Feinstein Institute for Medical Research and a visionary approach to medical education, highlighted by the Hofstra North Shore-LIJ School of Medicine. The winner of the National Quality Forum's 2010 National Quality Healthcare Award, North Shore-LIJ cares for people at every stage of life at 15 hospitals, including two specialty centers nationally renowned for their pediatric and psychiatric care - Cohen Children's Medical Center of New York and Zucker Hillside Hospital. The health system's 110 residency and fellowship programs serve as a training ground for more than 1,200 future physicians, many of whom hone their skills at North Shore-LIJ's Patient Safety Institute - one of the nation's largest patient simulation centers. As evidence of its commitment to community health and patient-focused research, Feinstein Institute scientists and North Shore-LIJ physicians enroll more than 1,200 people every year in clinical research studies. North Shore-LIJ's owned hospitals and long-term care facilities house about 5,600 beds, employ more than 10,000 nurses and have affiliations with more than 9,000 physicians. Its workforce of about 42,000 is the largest on Long Island and the ninth-largest in New York City. For more information, go to www.northshorelij.com.
About the Rudin Family:
The Rudin family has owned New York City real estate for more than 100 years. Family-run since its founding, the family's real estate holdings rank as one of the largest and most respected privately owned portfolios in New York City. Among its holdings are 17 office buildings containing approximately 10 million square feet of space and 21 apartment buildings comprising more than four million square feet of residences. The Rudin family is committed to developing sustainable real estate that is respectful of its environment and surrounding community. For more information, visit www.rudin.com
Media Contact: North Shore-LIJ,Terry Lynam, (516) 465-2640/2600
Rudin Family, Stefan Friedman, (646) 241-7786
Suzanne Halpin, (212) 843-8283