Bon Secours signs joint venture with Westchester Medical Center
Clients Bon Secours Health System, Inc.
Jones Day advised Bon Secours Health System, Inc. ("BSHSI"), a Catholic health system sponsored by Bon Secours Ministries with multiple hospitals and facilities across six states, and its subsidiary, Bon Secours Charity Health System, Inc. ("BSCHS"), a three-hospital health system north of New York City, with respect to the sale of its controlling interest in BSCHS to, and the creation of an ongoing joint venture arrangement with, Westchester Medical Center ("WMC"). WMC acquired a 60 percent ownership and governance interest in BSCHS. BSHSI retained a 40 percent ownership and governance interest in BSCHS, and the Sisters of Charity of Saint Elizabeth remained a canonical sponsor of BSCHS in order to advance the parties' goals of delivering high-quality, coordinated, and cost-effective care to patients within the State of New York.