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:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
