Ellis-St. Peter’s merger pushed back | The Daily Gazette
SECTIONS
Shares3
SCHENECTADY Ellis Medicine and St. Peter’s Health Partners are pursuing shared services and other partnerships but their planned merger is on hold for now.
Ellis President and CEO Paul Milton said Thursday he hopes and believes the merger will be completed, perhaps in 2023, but Ellis will be collaborating with SPHP in the interim as the Schenectady-based organization tries to recover from the crippling financial impact of the COVID pandemic.
Ellis Medicine’s revenue plunged from $455 million in 2019 to $402 million in 2020, and it incurred a $33 million loss for 2020.
But the need to merge into a larger organization was apparent before 2020, Milton said: Ellis is just too small to be viable on its own for the long term in the healthcare industry as it now exists.
Heastie: AG James investigation may not be enough to bring Cuomo impeachment proceeding
timesunion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesunion.com Daily Mail and Mail on Sunday newspapers.
Letters to the Editor Tuesday, July 20 | The Daily Gazette
dailygazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailygazette.com Daily Mail and Mail on Sunday newspapers.
Letters to the Editor Friday, July 16 | The Daily Gazette
dailygazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailygazette.com Daily Mail and Mail on Sunday newspapers.
Rally set to demand openness in Ellis Medicine merger talks | The Daily Gazette
SECTIONS
Shares0
SCHENECTADY Unhappy about the lack of updates on negotiations for a potential merger of Ellis Medicine and worried about the cuts that may result, community activists are planning a protest rally.
The Schenectady Coalition for Healthcare Access said Monday it will lead a march on July 25 from City Hall to Veterans Park, where it will hold a 12:30 p.m. rally centered on the theme “Don’t Take Away Our Services.”
In October, Ellis Medicine and St. Peter’s Health Partners announced a proposal for St. Peter’s to absorb Ellis but said months of discussions and multiple layers of regulatory approval were necessary before any such action could happen.