Pascack Valley Hospital
| Pascack Valley Hospital | |
|---|---|
.png) | |
 | |
| Geography | |
| Location | Westwood, New Jersey, United States |
| Coordinates | 40°59′6.75″N 74°0′54.95″W / 40.9852083°N 74.0152639°W |
| Organization | |
| Care system | Medicare (US), Medicaid, Public |
| Type | Community |
| Affiliated university | New York Medical College[1] |
| Services | |
| Emergency department | Yes |
| Beds | 291 |
| Helipad | FAA LID: JY29 |
| History | |
| Opened | June 1, 1959 |
| Closed | November 21, 2007 |
| Links | |
| Website | PVH |
| Lists | Hospitals in New Jersey |
Pascack Valley Hospital (PVH) is a former 291-bed hospital, located at 250 Old Hook Road, Westwood, New Jersey.
History
[edit]Pascack Valley Hospital opened on June 1, 1959, as an 86-bed community hospital. It underwent several expansions and grew to 291 beds.[2]
In 2005, the PVH completed construction on a new four-story addition to the hospital. This caused the hospital to incur an additional $80 million in debt. This, combined with several years of operating losses, forced Well Care Group, the owner of the hospital, to seek a buyer. In November 2006, Hackensack University Medical Center (HUMC) entered into a memorandum of understanding with PVH to acquire the hospital, with plans to keep the facility operating as a full acute-care hospital.[3][4]
Ultimately, Pascack's agreement with HUMC fell through, and on September 24, 2007, the hospital filed for Chapter 11 bankruptcy, with plans to liquidate the hospital's assets. In anticipation of closure, PVH began to limit its admissions. On November 21, the facility stopped providing medical care, and the administrative remaining departments closed shortly thereafter.[5][6][7]
Liquidation of assets
[edit]Days before the hospital closed in November 2007, the certificate of need for the hospital's mobile intensive care unit (which had provided advanced life support services to 18 towns in the Pascack and Northern Valleys) was auctioned in U.S. Bankruptcy Court. Hackensack University Medical Center was the winning bidder at $3.6 million.[8][9] On November 21, as soon as PVH closed its doors, HUMC began providing paramedic services to the area.[10]
After several delays, the hospital building and property were auctioned on February 27, 2008. Hackensack University Medical Center and Touro University College of Medicine won with a joint bid of $45 million. At the time, they had plans to reopen a full-service hospital and a new medical school.[11] But in September 2008, Touro backed out of the deal, deciding instead to open their medical school in Hasbrouck Heights.[12]
Rebirth
[edit]On October 1, 2008, HUMC opened up a satellite emergency department called Hackensack University Medical Center North at Pascack Valley.[13]
HUMC, jointly with Legacy Hospital Partners, Inc. (now Ardent Health Services), sought to obtain a license to open a 128-bed acute care facility at the PVH site.[14] In February 2012, the New Jersey Health Commissioner announced approval of the HUMC application to open a fully functioning hospital on the site. The new hospital has 128 beds and is the first for-profit facility of its kind in Bergen County.[15]
References
[edit]- ^ PVH Accreditations and Affiliations
- ^ PVH About our Hospital
- ^ "HUMC, Pascack Hospital May Join; Ailing Westwood Center to Stay Open", The Record, Bergen County, N.J., retrieved October 10, 2008
- ^ "Hackensack University Medical Center and Pascack Valley Hospital enter into memorandum of understanding for possible acquisition" (Press release). Hackensack University Medical Center. November 9, 2006. Archived from the original on September 29, 2011. Retrieved October 10, 2008.
- ^ "Pascack Valley Hospital to File for Bankruptcy, Plans to Liquidate". September 21, 2007. Archived from the original on February 12, 2012. Retrieved October 10, 2008.
- ^ Important Information from Pascack Valley Hospital
- ^ "Suitors Ready Bids for Hospital", The Record, Bergen County, NJ, November 13, 2007, retrieved October 10, 2008
- ^ "HUMC to provide Paramedic Services in Pascack Valley Region", The Paramus Post, Paramus, NJ, November 16, 2007, retrieved October 10, 2008
- ^ "HUMC secures MICU", Pascack Valley Community Life, Westwood, NJ, archived from the original on October 11, 2008, retrieved October 10, 2008
- ^ "Pascack Shuts Down Amid Tears, Toasts", The Record, Bergen County, NJ, November 23, 2007, retrieved October 10, 2008
- ^ "Hospital, med school win Pascack Valley auction", The Record, Bergen County, NJ, February 28, 2008, archived from the original on July 8, 2008, retrieved October 10, 2008
- ^ "Med school plans dropped", The Record, Bergen County, NJ, September 25, 2008, archived from the original on September 29, 2008, retrieved October 10, 2008
- ^ "ER returns to Westwood hospital", The Record, Bergen County, NJ, October 1, 2008, archived from the original on October 5, 2008, retrieved October 10, 2008
- ^ "Hackensack University Medical Center Files Application for Transfer of Ownership of Former Pascack Valley Hospital Licenses". Retrieved September 7, 2008.
- ^ Health Commissioner Approves Reopening of Pascack Valley Hospital, retrieved February 28, 2012