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Montefiore expands New York hospital network

Bronx, N.Y.-based Montefiore Health System has expanded its footprint, as St. Luke's Cornwall Hospital in Newburgh, N.Y., has agreed to join the system.

The partnership has been approved by the boards of both organizations and is pending regulatory review and approval by the Federal Trade Commission.

Montefiore Health System President and CEO Steven M. Safyer, MD, expressed excitement about the agreement. "The partnership brings the best of academic medicine and will strengthen the coordination of care. This represents the new benchmark for healthcare delivery," he said.

Under the agreement, the SLCH board of trustees will remain intact, comprised of its existing leaders.

More articles on healthcare industry transactions:

8 recent hospital transactions and partnerships
Prime completes takeover of NJ health system
26 hospital transactions and partnerships in September

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