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

Read More