Crain’s Health Pulse
December 11, 2016
The Visiting Nurse Association of Hudson Valley, a nonprofit serving Westchester and Putnam counties that was founded in 1938, has signed an agreement to be acquired by Northwell Health, pending state approval. VNA of Hudson Valley's certified home health agency and hospice services would be taken over by North Shore Home Care Certified Home Health Agency, which a Northwell spokesman said would likely retain the approximately 350 current employees of VNA of Hudson Valley. Northwell's home care network currently serves about 34,000 patients annually in Brooklyn, Manhattan, Staten Island and Queens, and Nassau and Suffolk counties. "From our standpoint, this is enabling us to pursue opportunities created by Northwell's expansion into Westchester County with the addition of Phelps Memorial Hospital in northern Westchester," said the Northwell spokesman. VNA of Hudson Valley reported losses of $409,796 in 2014 and $698,681 the previous year, according to the most recent Form 990s available online. "Obviously these kinds of things are going on all throughout New York state and across the country, and you've got to be forward thinking," said Michele Quirolo, president and chief executive of VNA of Hudson Valley, speaking of health care industry consolidation.—C.L.