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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
