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HMO to Close Hudson Valley Office

TARRYTOWN, NY-Independent Health, a not-for-profit HMO, will shut down its 15,000-sf office in February.

By John Jordan | Updated on August 29, 2000

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.

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