Full details about a collaboration or type of transaction were not disclosed. Executives expect negotiations to last throughout the year before any agreements are signed.
“In today’s healthcare environment, hospitals must continually find better, smarter approaches to serve our patients and our communities,” Angelo Calbone, president and CEO of Saratoga Hospital, said in a news release. “Strategic partnerships could prove the most effective way to align our strengths and make sure our communities continue to benefit from the latest advances in care.”
Glens Falls Hospital has been mired with financial troubles during the past couple years. Most recently, in October, the hospital initiated a second round of layoffs to close its budget gap. Dianne Shugrue, president and CEO of the hospital, said the hospital now has a profitable outlook for this year.
In February, Glens Falls Hospital also signed a deal to become a member of Adirondack Health Institute in Queensbury, N.Y., a local collaboration focused on coordinated healthcare and social services in the Adirondack region of New York.
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