BINGHAMTON, N.Y. — The Guthrie Clinic has entered into an agreement to acquire Our Lady of Lourdes Memorial Hospital (Lourdes Hospital), its locations, and related physician practices.
Sayre, Pennsylvania–based Guthrie reached the agreement with St. Louis, Missouri–based Ascension, per Guthrie’s Thursday announcement. Lourdes Hospital is located at 169 Riverside Drive in Binghamton.
Neither health organization provided any financial terms of the acquisition agreement. The transition “will sustain and improve access to care for patients in Binghamton and surrounding communities,” Guthrie contends.
(Sponsored)
Is Your Small Business Ready for the Unexpected?
Essential Coverage Every Family Enterprise Needs Small businesses are built on big dreams, and those dreams run even deeper when family is involved. You’ve invested your time, money, and heart
It’s Time for Your Business to Think About Year-End Tax Planning
As the year-end approaches, it’s time to take proactive steps to help lower your business’s taxes for 2024 and beyond. Deferring income and accelerating deductions to minimize taxes can be
“We are excited to bring Lourdes into our Guthrie family, with many shared values and mutual commitment to patient-centered care,” Edmund Sabanegh Jr., president and CEO of Guthrie, said in the announcement. “Like Lourdes, Guthrie has a strong tradition of serving our communities, providing care to patients where they are. This transaction will enable a continuation of this joint tradition and strengthen our investments in care delivery, patient outcomes and experience for the greater Binghamton community.”
Guthrie Clinic is currently a five-hospital system with locations in Cortland and Corning in New York, as well as Sayre, Towanda, and Troy in Pennsylvania.
The transition will include all current Lourdes services, facilities, providers and associates. Lourdes provides 24/7 emergency and acute care; specialty care; ambulatory surgery; a cancer center; a health and wellness center; and a network of primary care providers serving the region, per the Guthrie announcement.
The transaction is expected to close by early 2024, subject to standard regulatory approvals. Until that time, Guthrie and Lourdes will continue to operate independently.
“Lourdes has been committed to our Mission of serving all persons, with special attention to those who are most vulnerable, a commitment we have acted upon in Binghamton since 1925. As a regional provider, Guthrie is well positioned to carry on this legacy, serving the community through an integrated care delivery system,” Kathy Connerton, president and CEO of Lourdes, said. “This transition will ensure that the Binghamton community has sustainable, quality healthcare access long into the future.”
