St. Joseph’s Health Sells Medical Equipment Provider to AdaptHealth

SYRACUSE, N.Y.— (September 28, 2020) St. Joseph’s Health announced today that it has signed an agreement to sell Franciscan Companies, its durable medical equipment (DME) company, to AdaptHealth, a national network of medical equipment companies. In addition to 36 colleagues at the North Syracuse-based Franciscan Health Support offices, this sale will impact 10 colleagues who are based in Binghamton, at the Lourdes Health Support location.

There have been significant changes within the health care environment in recent years. Debate over the type and structure of health services in our country, continual decreases in reimbursement, rising costs, and demand for greater efficiency are just a few of the challenges we face. These changes are impacting everyone.

“The decision to sell Franciscan wasn’t made lightly, as it has been an important part of the St. Joseph’s Health family since 1983,” said Janet Ready, chief operating officer at St. Joseph’s Health. “This move will allow St. Joseph’s Health to focus on our core business of acute, ambulatory/outpatient, and primary care.”

The offices and warehouses will remain in their current locations and be operated by AdaptHealth beginning on November 1, 2020. We are pleased to report that the vast majority of our colleagues have been offered positions with AdaptHealth.

AdaptHealth is a full-service medical equipment company with operations in 39 states. The company shares a mission similar to that of Franciscan Companies: to help patients live their fullest lives – out of the hospital and in their homes. AdaptHealth is well-positioned to provide Franciscan and Lourdes Health Support customers with outstanding services and access to innovative technology and best-in-class processes. This will be a seamless transition for customers. Beginning November 1, they will notice a new company name, AdaptHealth New York, as they continue to receive the high quality products they need to live their fullest lives.

Moving forward, St. Joseph’s Health will utilize AdaptHealth’s services as a preferred provider for all DME. AdaptHealth is committed to working closely with St. Joseph’s Health to facilitate hospital discharges and prevent readmissions.

About St. Joseph’s Health

“St. Joseph’s Health is a regional non-profit health care system based in Syracuse, NY. St. Joseph’s has been an innovative leader in health care since our founding in 1869 as the first hospital open to the public in the city of Syracuse. Offering primary, specialty and home care, a Magnet-recognized hospital, and collaboration with community partners, St. Joseph's Health advances the well-being of the communities we serve through an expanding range of services to ensure our patients achieve optimum long-term health. St. Joseph’s is the only hospital in Syracuse to hold the LeapFrog ‘A’ safety rating, ranked by Consumer Reports among the top 15 heart surgery centers in the country, a designated Stroke Center and a U.S. News “Best Regional Hospital.” The St. Joseph’s Health Hospital NICU was the first in Syracuse and is celebrating its 50^th Anniversary throughout 2020. St. Joseph’s Health is affiliated St. Joseph’s Physicians and is a member of Trinity Health.For more information, visit www.sjhsyr.org/legacy.”