Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Affiliation Talks Begin Between Saratoga Hospital, Glens Falls Hospital

Executives at Saratoga Hospital in Saratoga Springs, N.Y., and Glens Falls (N.Y.) Hospital have entered into discussions about a possible collaboration.

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.

More Articles on Hospital Transactions:
CHE Trinity to Sell 2 Hospitals to Munson Healthcare
Hospital Transactions Increase Slightly in Q1
North Shore-LIJ to Add Phelps Memorial Hospital Center

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.