Alia Paavola –
Thursday, October 8th, 2020
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Ellis Medicine is a mentor health system with 5 campuses and 3,300 employees. St. Peters Health Partners is a member of Trinity Health and has 12,000 workers in more than 185 areas..
Albany, N.Y.-based St. Peters Health Partners and Schenectady, N.Y.-based Ellis Medicine have signed a letter of intent to explore a merger..
More articles on healthcare market transactions: AdventHealth gets ladiess medical practice with 12 care sitesNovant Healths $5.3 B deal for North Carolina health center approvedTexas regulators authorize sale of 2 CHS hospitals under COPA law.
Check out the complete news release here..
They will work to establish a definitive arrangement over the next several months. Any final contract would need approval by the boards of both organizations, and state and federal regulators..
The health systems said the letter of intent constructs on a long-existing partnership. For several years they have worked closely on numerous initiatives, consisting of the Alliance for Better Health and the Innovative Health Alliance of New York..
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