N E W S R E L E A S E
FOR IMMEDIATE RELEASE
June 27, 2019
Saratoga Hospital Buys Land on Morgan Street for Future Growth
Seller cites healthcare services as ‘best use’ for the property
SARATOGA SPRINGS, NY, June 27, 2019—Saratoga Hospital has bought land on Morgan Street from D.A. Collins Companies to ensure that the last undeveloped parcel bordering hospital-owned property can be used to expand healthcare services.
The sale of the 16 acres was completed Wednesday. The under-market purchase price of $3.15 million reflects the Collins family’s support of the hospital.
“Ever since we decided to sell the property, we hoped it would go to Saratoga Hospital,” David Collins said. “We believe in the work of the hospital and its essential, unique role in ensuring the health of Saratoga. Given the location of the property, healthcare is clearly the best use, and for a variety of business reasons, now is the right time to close the deal.”
Saratoga Hospital has long been interested in the parcel as a natural, strategic option for much-needed expansion to keep pace with one of the fastest-growing counties in New York State. A proposed zoning change—part of a multiyear effort to align the city’s zoning map and comprehensive plan as required by state law—would enable medical office use on the property.
“D.A. Collins has been more than patient, and it is unreasonable for us to expect them to delay the sale and forgo potential business opportunities any longer,” said Theresa Skaine, chairperson, Saratoga Hospital Board of Trustees. “At the same time, we simply could not take the risk that the last piece of land within walking distance of the hospital would be lost to us—and this community—forever.”
She described the purchase as “another smart, targeted investment in the future of healthcare in the Saratoga region. Whether we’re talking about technology, facilities or programs, patient care is the determining factor behind every dollar we spend and every decision we make,” Skaine said.
The hospital wants to develop the land on Morgan Street for a medical office center where physicians could more easily collaborate on patient care and, in an emergency, could get to the hospital within minutes. Aside from that project, currently there are no other plans for the site.
A small group of residents in the mixed-use neighborhood surrounding the hospital opposes the medical office plans and is fighting the rezoning proposal. In recent months, both the Saratoga County and Saratoga Springs planning boards have issued positive advisory opinions related to the zoning change, which was recommended by the city’s Comprehensive Plan Committee. In all three deliberations, there were no dissenting votes. The proposal now rests with the Saratoga Springs City Council.
“We realize that the final decision on the zoning has not been made, but we could not pass on this opportunity,” Saratoga Hospital President and CEO Angelo Calbone said. “It’s not unusual for organizations to buy land in anticipation of future needs, especially if the property is strategically located.
“Our hope is that, ultimately, we will have a medical office center on this land,” he added. “We are absolutely convinced that providing healthcare services at this location is the best way to serve our community now and for the long term.”
***
About Saratoga Hospital: Saratoga Hospital is the Saratoga region’s leading healthcare provider and the only acute-care facility in Saratoga County. The hospital’s multispecialty practice, Saratoga Hospital Medical Group, provides care at more than 20 locations, ensuring easy access to programs and services that can have the greatest impact on individual and community health. Saratoga Hospital has maintained Magnet designation for nursing excellence since 2004. Through its affiliation with Columbia Memorial Health and Albany Med, Saratoga Hospital is part of the largest locally governed health system in the region. For more information:www.saratogahospital.org or www.facebook.com/SaratogaHospital.
# # #
FOR MORE INFORMATION CONTACT:
Peter Hopper
Director, Marketing and Communications
518.583.8679
phopper@saratogahospital.org