Message From Our CEO
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President/ CEO: |
Faxton St. Luke’s Healthcare (FSLH) and St. Elizabeth Medical Center (SEMC) are continuing to work on an affiliation agreement that, if approved, would have one board of directors and one CEO. The proposal is to have an ‘active parent,’ which is a management model that oversees the operations of both hospitals. The ‘parent’ would have the full authority to approve bylaws and board members as well financial and operational responsibility for the two organizations. Under the proposed agreement SEMC would remain a Catholic hospital and FSLH would continue to be secular. The projected timeline is to have a Memorandum of Understanding completed sometime this fall and begin working with other agencies like the NYS Department of Health and the Catholic Church to develop, finalize and approve the recommendation in 2013.
As you read information in the media about our discussions, please read beyond the headlines. In recent weeks, some of the news organizations reported in their headlines that the two organizations would not be merging; however, the articles explained our intent to proceed toward an affiliation agreement that would provide operational and financial incentives for both organizations under one governance and management model.
