'Time Is Running Short' For Massena Memorial FinancesPosted: Updated:
Massena Memorial Hospital wants other hospitals it could merge with to know it's about the money.
Hospital officials want to tell two potential suitors it needs around $14 million, mostly to pay off pension debt.
There was urgency in the air as the hospital's board of managers met Monday night. Next week, they'll be talking to an alliance of Claxton-Hepburn and Crouse Hospital.
Canton-Potsdam Hospital was also invited, but no word back from them yet.
"Time is running short for us, I mean we need to get some help, really," board of managers chair Loretta Perez said. "We're in a critical time here.”
"The board is coming together, a lot of cohesiveness as well as transparency," town board member Sam Carbone said. "We're all agreeing to the issues and trying to move things forward."
Massena Memorial is looking for another institution to affiliate with to help provide financial stability as it transitions from a town-owned hospital to a private, nonprofit one.
Next week the hospital board and town board will send a delegation to meet with the state health department.
Massena Memorial lost $574,000 in January.