New York hospital gets new owner, name

As of Dec. 31, Massena (N.Y.) Memorial Hospital has a new owner and name, according to local news station WWNY.

Potsdam N.Y.-based St. Lawrence Health System has taken over ownership of the hospital from the Massena Town Board.

The town board gave up ownership in exchange for $28 million in financing for the financially struggling hospital. The money will go toward paying off debt.

Massena Memorial Hospital also been renamed Massena Hospital.

Read the full report here

More articles on strategy:
Hospital rebrands: 22 name changes in 2019
LifeBridge renames Bon Secours Baltimore Hospital
Optum's strategy in Las Vegas reveals how it plans to rapidly expand

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Whitepapers

Featured Webinars