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Home Economy

Major layoffs at Sound Shore Health System

Bob Rozycki by Bob Rozycki
October 25, 2013
Reading Time: 1 min read
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Sound Shore Health System has notified the New York State Labor Department that it intends to lay off 1,993 of its employees as part of its bankruptcy obligations.

Pending court approval, Sound Shore Health System will be acquired by Bronx-based Montefiore Medical Center.

In addition to Sound Shore Medical Center in New Rochelle, the other affected sites are Mount Vernon Hospital and its Dorothea Hopfer School of Nursing, Howe Avenue Nursing Home dba as Helen and Michael Schaffer Extended Care Center in New Rochelle, NRHMC Services Corp. in New Rochelle, The M.V.H. Corp. in Mount Vernon and New Rochelle Sound Shore Housing L.L.C.

In May, Sound Shore Health System filed a Chapter 11 petition for protection from creditors. In that filing, the amount of money owed its 30 largest creditors was about $46 million. It had assets of about $160 million last year and liabilities of $200 million.

According to the Labor Department filing, the layoffs will occur between Oct. 23 and Nov. 5.

 

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Bob Rozycki

Bob Rozycki

Managing Editor/Digital Westchester County Business Journal, Fairfield County Business Journal, WAG magazine

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Comments 3

  1. Susan Palmer says:
    12 years ago

    So sad. I used to work at NRHMC. Good physicians there!

    Reply
  2. Juanita C. Butte says:
    12 years ago

    A Glorious era for New Rochelle Hospital Medical Center is ending. Many fond memories and friends have passed through what was a well respected medical facility. For those remaining, doctors, nurses and ancillary staff, God speed!!!

    Reply
  3. Juanita C. Butte says:
    12 years ago

    The passing of an era for those who loved NRHMC. God speed to the medical, nursing and ancillary staff.

    Reply

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