Westchester County Buisness Journal

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WCBJ

WESTCHESTER COUNTY

BUSINESS JOURNAL

INSIDE

DEALS & DEEDS • 15

May 19, 2014 | VOL. 50, No. 20 JOHN GOLDEN

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

the INNOVAtOrS

BY JOHN GOLDEN jgolden@westfairinc.com

J

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partners in NY Fuel Holdings L.L.C. and Metro Dealer Stations L.L.C. With Eljamal as point man in the deal, the new partners in 2010 paid approximately $43.3 million to acquire 88 Shell gas station properties and leases in Westchester, Long Island and New York City. Business relations soon unraveled between Eljamal and two other managing members of the gas station companies – Leon Silverman, chairman of Silverman Realty Group Inc. in White Plains, and Scarsdale investor James A. Weil – amid claims of gross mismanagement, predatory pricing and the alleged theft of more than $1 mil-

oining a growing procession in American health care, Phelps Memorial Hospital Center in Sleepy Hollow is the latest community hospital in Westchester to look to affiliate with a larger and well-financed metropolitan hospital system. For North Shore-LIJ Health System, Phelps’ planning for the emerging new era in health care offers an opportunity to expand its metropolitan market from Long Island into Westchester and the lower Hudson Valley. The Phelps Memorial board of directors at a special meeting May 12 approved a letter of intent to explore joining the North ShoreLIJ Health System, the state’s largest private employer and its largest integrated health care provider. Keith F. Safian, president and CEO of Phelps Memorial, said the vote was “enthusiastic and unanimous” following a two-year period in which hospital officials considered various partnership options. North Shore-LIJ “was by far the preferred partner,” he said. One of four Westchester hospitals in the former Stellaris Health Network, Phelps Memorial follows White Plains Hospital and Lawrence Hospital Center in Bronxville in seeking new parent companies since they and Northern Westchester Hospital in Mount Kisco disbanded Stellaris in 2013. White Plains Hospital officials expect to complete their agreement to join Bronx-based Montefiore Health System this summer. Lawrence Hospital, already an affiliate of New York-Presbyterian Healthcare System, recently received state Health Department approval of its full takeover by New YorkPresbyterian Hospital. The deal is expected to close this summer. Northern Westchester Hospital also is expected to announce a new health system affiliation. “Our board as part of our strategic planning process recognized the need to affiliate with a larger hospital system to be successful in the fast-changing health care environment,” Safian

Appeals, page 6

Phelps, page 6

FACES & PLACES• 31

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Dr. Nezih Cereb, cofounder and CEO of Histogenetics, speaks at Health Tech ’14.

Appeals court tosses defamation suit in business dispute BY JOHN GOLDEN jgolden@westfairinc.com

A sTATE APPELLATE CourT has reversed a state Supreme Court judge’s decision in Westchester County and dismissed defamation charges leveled by the ousted managing partner of Shell gas station businesses in the metropolitan area against a Scarsdale business partner. The court decision ends one lawsuit in a bitter 3-year-old dispute, waged in court documents and private emails, between Westchester businessman and Purchase resident Sammy Eljamal, owner of Wholesale Fuels in Thornwood, and his

PhelPS lOOkS tO lONG ISlANd fOr ‘PAreNt’


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