X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Buffalo-based firm says it’s closing because it couldn’t compete with large for-profit HMOs in the New York metropolitan area. William Yurkowski, executive director of Independent Health’s Hudson Valley/Metropolitan New York office, says the closure will coincide with the Feb. 28, 2001 expiration of the company’s lease at the Mack-Cali building, part of the Talleyrand office complex.

The company entered the Westchester marketplace in May 1986, taking approximately 3,500 sf at Talleyrand. It expanded its marketing efforts into the New York City’s five boroughs ten years later, but mothballed that effort in 1998 after signing up only 10,000 members.

Independent Health’s high-water mark, in terms of members, was reached in 1997 when it had approximately 42,000 subscribers. It has 15,000 now. The market-share leaders in the Hudson Valley are Aetna/US Healthcare and Oxford, which have memberships exceeding 880,000 and 1.2 million members, respectively.

In 1997, the company had more than 100 employees and expanded its presence in Westchester County to 25,000 sf. Last February, the company did not renew its lease for 10,000 sf of space at 200 White Plains Rd., Yurkowski says.

Independent Health’s Western New York office will continue operating after the Hudson Valley office closes. That office, in Buffalo, has seen its enrollment numbers grow in recently and now boasts more than 395,000 members.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.