Saint Vincents Hospital and Medical Center in New York entered an agreement with Salick Health Care to establish a comprehensive cancer center.
The Saint Vincents Comprehensive Cancer Center will offer outpatient diagnostic and treatment services beginning this summer, in existing space at Saint Vincents. The medical center also plans to build a 75,000-square-foot facility to house the cancer center, near its current campus, later this year.
The value of the agreement was not disclosed.
Saint Vincents contracted with Salick to run the new center, which will be staffed with members of Saint Vincents' medical staff. Salick also will form a related managed-care affiliate network.
Saint Vincents is an 813-bed tertiary medical center that operates 57 on-site outpatient clinics.
Salick, a Los Angeles-based provider of diagnosis and treatment at alternate sites, operates 10 comprehensive cancer centers nationwide. For the quarter ended Feb. 29, the company reported net income of $2.2 million, or 20 cents per share, on revenues of $39.1 million.
The boards of both organizations approved the agreement, which awaits regulatory approval.