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New York's Community General Hospital Approves Acquisition by Upstate Medical University

The board of directors of Community General Hospital in Syracuse, N.Y., has accepted an acquisition proposal from Syracuse, N.Y.-based Upstate Medical University, according to a Post-Standard report.

The acquisition will allow Upstate to expand its schools' enrollment and training sites while saving Community from possible financial failure. Community has about $9.1 million in debt.

Upstate plans to file a certificate of need application to buy some of Community's assets and assume some of its liabilities by mid-March.

Read the Post-Standard report on the Community General Hospital-Upstate Medical University acquisition.

Read more coverage on Upstate Medical University:

- New York's Upstate University Hospital Could Take Over Community General by July

- New York's Upstate Medical University to Explore Acquisition of Community General Hospital

- 60 Physician Leaders of Hospitals and Health Systems









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