St. Peter’s, Ellis hospital systems agree to merger proposal

St. Peter’s Health Partners and Ellis Medicine have signed a non-binding letter of intent to merge operations, multiple sources have confirmed.

The two organizations, based in Albany and Schenectady, are among the region’s three largest hospital systems, the other being Albany Medical Center.

Born of mergers themselves, St. Peter’s and Ellis have operated independently of each other for over 100 years. They have, however, collaborated on a number of projects over the years, including joint ventures designed to lower health care costs and reduce avoidable hospital admissions in the region.

On Wednesday, St. Peter’s president and CEO Jim Reed sent a letter to colleagues announcing the intent to “integrate,” saying it signifies the “next logical step” in the organizations’ longstanding collaboration.
 
“Our two organizations share a vision for a more fully integrated, region-wide approach to care that aims to improve the health of our neighbors; embraces new models such as

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F45 Training and Crescent Acquisition Corp Mutually Agree to Terminate Business Combination Agreement

LOS ANGELES–(BUSINESS WIRE)–Oct 6, 2020–

Crescent Acquisition Corp (“CAC” or the “Company”) (NASDAQ: CRSA, CRSAU, CRSAW), a publicly-traded special purpose acquisition company, together with F45 Training Holdings Inc. (“F45”), one of the fastest-growing fitness franchisors in the world, jointly announced today the termination of their previously announced business combination agreement. The termination is effective October 5, 2020.

“While we remain optimistic about the current performance and long-term growth prospects of F45, the prolonged uncertainty around the pandemic has challenged our ability to successfully complete the business combination,” Robert Beyer, Executive Chairman, and Todd Purdy, CEO, said jointly.

“Despite our best efforts to finalize this transaction, we ultimately concluded that approaching the public markets at this time was not the right option for F45,” said F45 CEO Adam Gilchrist. “That said, we are very pleased with our recent business performance, and have seen strong member re-engagement to almost pre-COVID levels. Our

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