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New York hospital to merge with University of Vermont Health Network affiliate

Ticonderoga, N.Y.-based Moses-Ludington Hospital will reportedly merge with Elizabethtown (N.Y.) Community Hospital, an affiliate of Burlington-based The University of Vermont Health Network, according to the VTDigger.

Moses-Ludington is owned and operated by the financially struggling Inter-Lakes Health in Ticonderoga. As part of the proposed agreement, UVHN will pay rent to Inter-Lakes Health to use the hospital facility, according to the report.

A spokesperson for Burlington-based University of Vermont Medical Center, also a part of UVHN, told the VTDigger Tuesday the health network "is not acquiring Moses-Ludington Hospital … [rather] a current member, Elizabethtown Community Hospital, will assume responsibility of outpatient services on the [Moses-Ludington] campus," the report states.

John Remillard, president of Elizabethtown Community Hospital and Inter-Lakes Health, told the publication ECH and Moses-Ludington began integrating operations "a few years ago." A spokesperson for ECH confirmed the integration, stating the two hospital facilities "have been sharing administrative staff, including a CEO, CFO, CIO and other vice presidents and managers."

UVHN officials said they expect to receive regulatory approval for the proposed merger this fall, according to the report.

More articles on transactions and valuations:
Quorum finalizes deal to sell Illinois hospital, marking second divestiture this week
Hospital M&A activity update: Robust deal flow continues in 2017
Yale New Haven, Connecticut Children's Medical Center table partnership talks

 

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