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

SUNY Upstate spent $10M on consultants amid failed merger: Report

Syracuse, N.Y.-based SUNY Upstate University Hospital spent $10 million bringing in outside consultants to advise on the now-failed merger with Syracuse-based Crouse Health, syracuse.com reported March 13. 

The consultants were brought in between 2020 and 2023. The proposed merger fell through in February due to changing financial circumstances.

One of the consultants projected Crouse's annual losses could hit $45 million by 2026 if it continues to operate independently, the report said. 

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

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars