NEW CITY, NY—Rockland County, which has suffered for years with mounting deficits from the Summit Park Hospital and Nursing Care Center, reports it has finalized an agreement to sell the Pomona-based complex for $36 million.
Rockland County Executive Ed Day in a press conference on Wednesday at his offices in New City revealed that the Rockland County Health Facilities Corp., a Local Development Corporation established in 2013 to sell the 57-bed long-term acute care hospital and the 321-bed nursing home, had finalized an agreement to sell the Summit Park Hospital and Nursing Home to Shalom Braunstein of Monsey, NY, manager of the purchaser Summit Park Acquisition Group.
County Executive Day said that the deal will earn the county $10 million after legacy costs, legal and other fees and relocation costs are paid. The county will eventually have to relocate the Medical Examiner, MIS, DGS and clinics to space outside of the Summit Park complex.
Summit Park Acquisition is paying $24 million for the nursing care center and $12 million for the long-term acute care hospital. County officials note that the deal includes a $3-million deposit. The Rockland County Health Facilities Corp. had received a total of four bids in connection with the sale and awarded the bid to Summit Park Acquisition Group.
The sale is subject to New York State Department of Health Certificate of Need approvals for both the hospital and nursing care center. The county expects to close on the sale of the nursing care center within 60 days of receiving the Certificate of Need approval. The closing date for the hospital could come within 30 days after receiving the Long Term Acute Care Certificate of Need approval.
“The Summit Park facility has been allowed to flounder for years and that is a core reason why we're in the situation now,” Day said. “It is troubling. It is somewhat depressing, but the reality is what we have right now to deal with, and we're trying to make the best of it for the citizens, our patients, and for the workers.”
Institutional Property Advisors Executive Director Mark L. Myers and Senior Director Joshua Jandris represented the Rockland County Health Facilities Corp. in the transaction.
At present there are a total of 516 employees who work at the Summit Park Hospital and Nursing Care Center. Braunstein says that his firm will interview all Summit Park workers for employment once his firm takes over the facilities.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
