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3 things to know about the North Shore-LIJ, PBMC merger

Great Neck, N.Y.-based North Shore-LIJ Health System is looking to complete its merger with Riverhead, N.Y.-based Peconic Bay Medical Center by January 2016, according to a RiverheadLOCAL  report.

Here are three things to know about the proposed merger.

1. North Shore-LIJ filed an application with the New York State Department of Health May 14, seeking approval of the merger with PBMC, according to the report. The state is currently reviewing the application.

2. If the deal is approved, PBMC would bring to North Shore-LIJ a 200-bed community teaching hospital and a nursing/rehabilitation facility that have served the region for 64 years. It would join 19 other hospitals within the health system, extending North Shore-LIJ's presence on eastern Long Island while joining its existing Suffolk County hospitals. PBMC was formerly an affiliate member of the health system from 2000 to 2006.

3. PBMC's board of directors approved a definitive agreement to become a full member of North Shore-LIJ Health System following completion of contractual approvals and governmental regulatory review back in March.

 

 

 

More articles on healthcare industry transactions:

7 recent hospital transactions and partnerships
Baystate Health acquires another Massachusetts hospital
Chicago-area hospital looks to join forces to survive

 

 

 

 

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