Mt. Sinai, Continuum Merger On The Horizon
Mt. Sinai Hospital has moved a step closer to a merger
with Continuum Health Partners.
The two announced today the boards of trustees of both
institutions have approved a memorandum of understanding for the partnership
this week.
This comes after talks with Continuum and NYU Langone
broke down last summer.
Mt. Sinai disrupted a possible merger between the two
medical powerhouses with a counter-offer.
Now Continuum and Mt Sinai will be working on the details
of the final agreement.
Officials from both institutions say they see the
partnership as an opportunity to enhance primary and specialty care throughout
the city, as well as a way to increase research collaboration and expand the
academic faculties of their medical schools.
Continuum is the parent company of four other major New
York medical institutions: Beth Israel Medical Center, Roosevelt Hospital, St.
Luke's Hospital and the New York Eye and Ear Infirmary.
The Memorandum of Understanding between Mt. Sinai and
Continuum lays the groundwork for what they call a new integrated health
system.
Once the final structure is figured out it must be
approved by both boards.
Final approval would still have to come from the state
Board of Health, who must determine what sort of impact the potential merger
could have on the city's healthcare network and services.
Comments
Post a Comment