New York medical group proposes 2-hospital merger, turning one into outpatient hub: 5 details

Through a proposed merger, St. Peter's Health Partners wants to make Albany (N.Y.) Memorial Hospital a destination for hospital outpatient services, same-day ambulatory surgery and medical office procedures, the Albany Times Union reports.

Five details:

1. St. Peter's Health Partners, an Albany-based medical group, is seeking state permission to merge Albany Memorial Hospital with Samaritan Hospital in Troy, N.Y. St. Peter's is anticipating a decision in December.

2. Albany Memorial would be renamed Samaritan Hospital's Albany Memorial Campus, ending its 150-year history as a standalone organization.

3. St. Peter's officials said the merger will help the 165-bed Albany Memorial Hospital continue qualifying for Medicare payments and offset declining admissions. The hospital's average daily inpatient count dropped from 60.6 patients in 2012 to 15.4 in 2019.

4. In a similar deal earlier this year, Samaritan Hospital absorbed St. Mary's Hospital in Troy and made it a hub for outpatient services. Unlike St. Mary's, Albany Memorial would retain its 24/7 emergency services, which accommodate about 100 patients per day.

5. The Albany Memorial merger would put Samaritan at a $2.7 million loss for the year, but reduced costs and inefficiencies are expected to yield a positive third-year net income.

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