The board of directors approved the transaction on Sept. 13. Brookhaven CEO Rich Marguilis signed the contract the following day.
The two facilities have been in talks to affiliate since Sept. 2015. In May, the medical center offered $15 million for the former nursing home, which shuttered its doors in June 2013.
Mr. Marguilis said the medical center hopes to start construction on the space by mid-2017, according to the article.
More articles on transactions and valuations:
MD Anderson Cancer Center to partner with Lourdes Hospital
Dickinson Center, Journey Health System to affiliate
Lehigh Valley, Schuylkill continue with merger plans
