St. Joseph’s Health has reached an agreement to acquire the New York Heart Center (NYHC), a Syracuse–based cardiology practice. It also has locations in Cicero, Oswego, Watertown, Auburn, Gouverneur, and Pulaski. In the deal, St. Joseph’s Health acquires NYHC’s seven locations and 99 employees, including its 11 cardiologists. (Eric Reinhardt / BJNN file photo)
SYRACUSE, N.Y. — St. Joseph’s Health on Thursday announced it has reached an agreement to acquire the New York Heart Center (NYHC), a Syracuse–based cardiology practice with nearly 100 employees.
NYHC, founded in 1983, offers services for the diagnosis, treatment, and prevention of heart conditions. It has worked with St. Joseph’s Health and other local hospitals and health systems to provide “streamlined care for patients” at each of its seven locations in Syracuse, Cicero, Oswego, Watertown, Auburn, Gouverneur, and Pulaski.
NYHC’s 99 employees, including its 11 cardiologists, will now join St. Joseph’s Health as part of the acquisition.
St. Joseph’s Health didn’t release any financial terms of its acquisition agreement in a news release it distributed Thursday afternoon.
“The New York Heart Center is a key strategic partner of St. Joseph’s Health,” Dr. Joseph Spinale, chief medical officer at St. Joseph’s Health, said. “The formal union of both organizations is a decisive and major step in the creation of a sustainable best-in-class cardiology practice given the complexities of the business of health care, alternative Medicare payment models and the uncertainties of reform. Together, we will enhance care in new ways that improve quality and outcomes for heart patients across Central and Northern New York.”
NYHC serves more than 40,000 patients a year.
Dr. Eugene Lozner, president of the New York Heart Center, said the following about the deal, “Aligning with the region’s leader in cardiovascular care gives our patients even greater access to physicians, nurses and cardiac technicians who consistently care for more patients than any other provider in the region.”
St. Joseph’s Health describes NYHC as “one of the most comprehensive” cardiology practices in New York state, providing patients with the “most sophisticated and technologically advanced” diagnostic imaging modalities available to diagnose and treat heart disease. These tools include positron emission computed tomography (PET); single-positron emission computed tomography (SPECT); 64-slice CT imaging and 3-D echocardiography. The NYHC has all of these diagnostic tools at one location, at its main office, in Syracuse, according to the release.
Contact Reinhardt at ereinhardt@cnybj.com
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