Upstate Medical University plans to acquire the operations of Crouse Health, which would become part of the Upstate Medical University Health System, CNYBJ reports.
The proposed combination of the two medical neighbors near Syracuse University seeks to “enhance care delivery to Central New Yorkers,” Upstate Medical said in its Thursday announcement.
Upstate Medical did not disclose the purchase price or any other financial terms of its proposed acquisition.
Both health-care institutions are currently seeking regulatory approvals, including a certificate of need from the New York State Department of Health, which is expected to take “several months,” Upstate Medical said. During this time, the two institutions will remain independent.
The proposed combination will include all of Crouse Hospital’s inpatient and outpatient services. Crouse Hospital will become part of Upstate University Hospital and the Crouse campus will be branded as Upstate Crouse Hospital. Crouse Medical Practice will remain intact and will be rebranded as Upstate Crouse Medical Practice. Read more.
