NEW CITY, NY—Rockland County, which has suffered for years withmounting deficits from the Summit Park Hospital and NursingCare Center, reports it has finalized an agreement to sellthe Pomona-based complex for $36 million.

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Rockland County Executive Ed Day in a pressconference on Wednesday at his offices in New City revealed thatthe Rockland County Health Facilities Corp., aLocal Development Corporation established in 2013 to sell the57-bed long-term acute care hospital and the 321-bed nursing home,had finalized an agreement to sell the Summit Park Hospital andNursing Home to Shalom Braunstein of Monsey, NY,manager of the purchaser Summit Park AcquisitionGroup.

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County Executive Day said that the deal will earn the county $10million after legacy costs, legal and other fees and relocationcosts are paid. The county will eventually have to relocate theMedical Examiner, MIS, DGS and clinics to space outside of theSummit Park complex.

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Summit Park Acquisition is paying $24 million for the nursingcare 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 offour bids in connection with the sale and awarded the bid to SummitPark Acquisition Group.

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The sale is subject to New York State Department of HealthCertificate of Need approvals for both the hospital and nursingcare center. The county expects to close on the sale of the nursingcare center within 60 days of receiving the Certificate of Needapproval. The closing date for the hospital could come within 30days after receiving the Long Term Acute Care Certificate of Needapproval.

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“The Summit Park facility has been allowed to flounder for yearsand that is a core reason why we're in the situation now,” Daysaid. “It is troubling. It is somewhat depressing, but the realityis what we have right now to deal with, and we're trying to makethe best of it for the citizens, our patients, and for theworkers.”

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Institutional Property Advisors ExecutiveDirector Mark L. Myers and Senior DirectorJoshua Jandris represented the Rockland CountyHealth Facilities Corp. in the transaction.

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At present there are a total of 516 employees who work at theSummit Park Hospital and Nursing Care Center. Braunstein says thathis firm will interview all Summit Park workers for employment oncehis 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.