The APA closing took place shortly after a Letter of Understanding (LOU) with the Federal Emergency Management Agency (FEMA) was executed.

1. SOUTH NASSAU COMMUNITIES HOSPITAL
Oceanside, New York
Statement from South Nassau Communities Hospital
On Thursday, October 16th, 2014, South Nassau Communities Hospital closed on an asset
purchase agreement (APA) to acquire substantially all of the assets of Long Beach Medical
Center (LBMC), which had been severely damaged by the effects of Super Storm Sandy and had
remained shuttered since October 2012. Under the Asset Purchase Agreement (“APA”)
approved by the US Bankruptcy Court in May, 2014, South Nassau agreed to a purchase price of
approximately $11.8 million for the LBMC assets, including 5.5 acres of property, buildings and
equipment.
“This closing signifies major progress in our effort to fulfill our mission to meet the need for
patient-centered healthcare services in Long Beach and surrounding South Shore communities,”
said SNCH President and CEO Richard J. Murphy. “We’re moving from a complex
transactional stage, with intricate legal and regulatory requirements, to a transformational one in
which we will focus on how we can provide new medical services.”
As approved by South Nassau’s administration and board of directors, the APA will honor the
reimbursement of vacation time accrued by more than 450 hospital-based employees up to and
through the shuttering of LBMC. Over the coming weeks, South Nassau will issue individual
checks to the former employees in the cumulative amount of $1 million in recognition of the
valuable service these individuals had provided to their community in serving their health care
needs.
The APA closing took place shortly after a Letter of Understanding (LOU) with the Federal
Emergency Management Agency (FEMA) was executed. The LOU states that FEMA may
approve reimbursement for 90 percent of South Nassau’s investments of up to $176.9 million of
its own funds on significant development of new healthcare facilities, programs and services
(including emergency services) that serve areas of high community need, including Long Beach
and surrounding communities.
A key service that South Nassau will review is an off-campus hospital-based emergency services
department in Long Beach. Last spring and summer, the South Nassau Urgent Care Center at
Long Beach and the nearby Family Medicine opened, providing hospital-grade medical care to
the community.
Prior to the closing, SNCH initiated a comprehensive engineering assessment of the substantial
damage to LBMC’s facilities. Using professional third-party engineers and architects with
previous experience with both Hurricane Katrina and Super Storm Sandy, we expect the process
to be completed in November. Their report will provide information that is essential to
developing a long-range plan to make the greatest impact with, and most efficient use of, South
Nassau and FEMA funds, both at the LBMC campus and regionally.
South Nassau looks forward to a successful revitalization and development of patient-centered
healthcare services that meet the needs of residents of Long Beach and surrounding
communities. The hospital deeply appreciates the efforts of U.S. Senator Charles Schumer, U.S.

2. Congressman Peter King, Governor Andrew Cuomo, New York Senators Dean Skelos and
Kemp Hannon, Assemblyman Harvey Weisenberg, Legislator Denise Ford and Long Beach City
Manager Jack Schnirman and the members of the City Council for their for their steadfast and
unilateral support.