Sponsored by VMG Health | gregk@vmghealth.com | 214.369.4888

Continuum Health Partners, Mount Sinai in New York Pursue Merger

Share on Facebook
New York City-based Continuum Health Partners and The Mount Sinai Medical Center are pursuing a merger, according to a news release.

The boards of trustees for both organizations have voted to approve a memorandum of understanding for a possible merger. The MOU outlines steps to create a new, integrated health system that would combine the operations of both Continuum and Mount Sinai.

"Our goal as an integrated healthcare system is to provide exceptional medical care to New Yorkers," Kenneth Davis, MD, president and CEO of The Mount Sinai Medical Center, said in the release. "The combination will create more economies of scale, increase efficiencies and expand access to advanced primary and specialty care throughout this citywide network."

Continuum already includes Beth Israel Medical Center-Milton, Beth Israel Brooklyn, St. Luke's Hospital and Roosevelt Hospital, all in New York City.

The next step for the systems is further due diligence and the development of a definitive agreement.

More Articles on Hospital Mergers:

Mercy, Valley View Regional Hospital in Oklahoma to Pursue Merger
Trends, Tricks and Trip-ups in Non-Profit Hospital Transactions
Recent Hospital and Health System Transactions

© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


New from Becker's Hospital Review

Woman's Hospital, Mary Bird Perkins-Our Lady of the Lake Cancer Center team up for women's cancer care

Read Now