New York hospital to close if referendum fails

Listen
Text
  • Small
  • Medium
  • Large

The ability of Massena (N.Y.) Memorial Hospital to remain open hinges on a Nov. 5 referendum vote, according to North Country News

The referendum calls for the transfer of Massena Memorial Hospital's assets to Potsdam, N.Y.-based St. Lawrence Health System.

Massena Memorial officials said if the referendum fails, the community hospital will be forced to close. There is no plan B, they added.

"We need a yes vote on proposition one. A no vote will close this [facility]," Massena Memorial Hospital CEO David Bender told North Country News. 

If the referendum passes, Massena Memorial will get a $20 million loan from the state and $8 million from St. Lawrence Health System.

Without the money, Mr. Bender said the financial picture for the community hospital is dim, and they would immediately start the steps to close the hospital. 

Read the full report here

More articles on healthcare finance: 

301-physician medical group pays off bankruptcy creditors
More ACOs taking on downside risk, analysis finds
Hospitals increasingly serious about cost transformation, survey finds

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars