Westchester’s Sound Shore Medical Center Receives Confirmation of Liquidation Plan

The 242-bed Sound Shore Medical Center of Westchester, sold to Montefiore Medical Center for $58.75 million, received approval of a Chapter 11 liquidating plan accepted by unsecured creditors who stand to recover three-to-six percent on their claims (In re Sound Shore Medical Center of Westchester, Bankr. S.D.N.Y., 13-22840, plan confirmed 11/5/14).

The judge in White Plains, N.Y. signed a confirmation order Nov. 5.

The plan represents the culmination of negotiations among the company and the official creditors’ committee regarding the allocation of cash and remaining assets following the November 2013 sale, according to court papers. The company ...