Guthrie acquisition of Lourdes Hospital to close by early 2024

BINGHAMTON, N.Y. — Guthrie Clinic’s deal to acquire Binghamton’s Our Lady of Lourdes Memorial Hospital (Lourdes Hospital) is expected to close by early 2024, subject to standard regulatory approvals.

The purchase includes Our Lady of Lourdes locations and related physician practices. Until that time, Guthrie and Lourdes will continue to operate independently.

Sayre, Pennsylvania–based Guthrie reached the agreement with St. Louis, Missouri–based Ascension, Lourdes’ parent, per Guthrie’s June 8 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. 

“We are excited to bring Lourdes into our Guthrie family, with many shared values and mutual commitment to patient-centered care,” Dr. 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 Guthrie.

“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.”

Connerton will remain in her current role with the same responsibilities once the acquisition is complete, Lisa Donovan, chief marketing and communications officer at Our Lady of Lourdes Memorial Hospital, Inc., told CNYBJ in a June 8 email.