Pascack Valley Hospital
Encyclopedia
Pascack Valley Hospital (PVH) is a former 291 bed hospital, located at 250 Old Hook Road, Westwood, New Jersey
.
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.
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.
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. On November 21, as soon as PVH closed its doors, HUMC began providing paramedic
services to the area.
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. But in September 2008, Touro backed out of the deal, deciding instead to open their medical school in Hasbrouck Heights
.
On October 1, 2008, HUMC opened up a satellite emergency department called Hackensack University Medical Center North at Pascack Valley
. HUMC, jointly with Legacy Hospital Partners, Inc., is currently seeking to obtain a license to open a 128-bed acute care facility at the PVH site.
Westwood, New Jersey
Westwood is a borough in Bergen County, New Jersey, United States. As of the 2010 United States Census, the borough population was 10,908....
.
History
Pascack Valley Hospital opened on June 1, 1959, as an 86-bed community hospital. It has undergone several expansions and grew to 291 beds.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
Hackensack University Medical Center
Hackensack University Medical Center is a 775-bed non-profit, research and teaching hospital located seven miles west of New York City, in Hackensack, New Jersey, providing tertiary and healthcare needs for northern New Jersey and the New York metropolitan area...
(HUMC) entered into a memorandum of understanding
Memorandum of understanding
A memorandum of understanding is a document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in...
with PVH to acquire the hospital, with plans to keep the facility operating as a full acute-care hospital.
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.
Liquidation of assets
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 supportAdvanced Life Support
Advanced Life Support is a set of life-saving protocols and skills that extend Basic Life Support to further support the circulation and provide an open airway and adequate ventilation .-Components of ALS:These include:...
services to 18 towns in the Pascack and Northern Valleys) was auctioned in U.S. Bankruptcy Court. Hackensack University Medical Center
Hackensack University Medical Center
Hackensack University Medical Center is a 775-bed non-profit, research and teaching hospital located seven miles west of New York City, in Hackensack, New Jersey, providing tertiary and healthcare needs for northern New Jersey and the New York metropolitan area...
was the winning bidder at $3.6 million. On November 21, as soon as PVH closed its doors, HUMC began providing paramedic
Paramedic
A paramedic is a healthcare professional that works in emergency medical situations. Paramedics provide advanced levels of care for medical emergencies and trauma. The majority of paramedics are based in the field in ambulances, emergency response vehicles, or in specialist mobile units such as...
services to the area.
After several delays, the hospital building and property were auctioned on February 27, 2008. Hackensack University Medical Center and Touro University College of Medicine
Touro University College of Medicine
Touro University College of Medicine was a proposed allopathic medical school to be based out of Hackensack, New Jersey. Its hospital affiliate was to be Hackensack University Medical Center . The medical school disbanded in December 2009....
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. But in September 2008, Touro backed out of the deal, deciding instead to open their medical school in Hasbrouck Heights
Hasbrouck Heights, New Jersey
Hasbrouck Heights is a borough in Bergen County, New Jersey, United States. As of the 2010 census, the borough population was 11,842. An inner-ring suburb of New York City, Hasbrouck Heights is located approximately northwest of Midtown Manhattan and west of Upper Manhattan.Hasbrouck Heights was...
.
On October 1, 2008, HUMC opened up a satellite emergency department called Hackensack University Medical Center North at Pascack Valley
Hackensack University Medical Center North at Pascack Valley
Hackensack University Medical Center North at Pascack Valley is a satellite, free-standing emergency department located in Westwood, New Jersey, at the site of the former Pascack Valley Hospital...
. HUMC, jointly with Legacy Hospital Partners, Inc., is currently seeking to obtain a license to open a 128-bed acute care facility at the PVH site.