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Workers at one hospital in Dutchess County are breathing a sigh of relief Tuesday after learning a week before Christmas their hospital was going bankrupt and weren't sure if their jobs would be kept. Time Warner Cable News Reporter Michael Howard has the new developments.
POUGHKEEPSIE, N.Y. -- It’s a possible abrupt shift in the future of Saint Francis hospital.
In a statement released Tuesday afternoon Health Quest said, “While we remain confident that the Health Quest bid to purchase Saint Francis Hospital would have provided the best outcome for those seeking local access to affordable, high-quality care, intervention in this matter by state and federal regulatory authorities has led the Health Quest Board of Trustees to decide not to participate further in the bidding process.”
This after court documents filed Monday show Westchester Medical Center put in a bid of more than $27 million compared to Health Quest’s bid of around $24 million to purchase the bankrupt Saint Francis Hospital.
“Our goal is to make sure that our jobs are preserved and that the critical services that Saint Francis has been able to provide in our community are provided at a level of excellence,” said Dutchess County Executive Marc Molinaro.
Where Westchester Medical didn’t stop there, in a statement the group said, "We will retain existing jobs and even add jobs as we enhance and expand services and volume. That includes honoring the recent union elections and negotiating in good faith with 1199 for competitive contracts."
Those Documents filed Monday also show Saint Francis Hospital canceled the auction planned between Westchester and Health Quest that was set for Thursday. A letter from the Federal Trade Commission within the documents also says they have concerns if Health Quest takes over which could result in “substantial loss of competition in acute care inpatient services.”
A sale hearing is scheduled for February 18.