Major layoffs at Sound Shore Health System
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.