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Mount Sinai, Continuum Health Partners Sign Definitive Merger Agreement

The Mount Sinai Medical Center and Continuum Health Partners have signed a definitive agreement to merge, creating the largest private health system in New York City.

Mount Sinai HospitalFinancial terms of the deal were not disclosed. The merger still must attain regulatory approval, but executives from Mount Sinai and Continuum expect the deal to close in the fall.

Under the merger agreement, the new health system will be called Mount Sinai Health System. Kenneth Davis, MD, president and CEO of The Mount Sinai Medical Center, will become president and CEO of Mount Sinai Health System. Stanley Brezenoff, president and CEO of Continuum, will retire after the transaction closes and will be a leadership adviser during the transition.

"Our goal in combining to form an integrated healthcare system and academic medical center is to provide exceptional medical care to New Yorkers," Dr. Davis said in a news release. "The combination will create increased efficiencies and expand access to advanced primary and specialty care throughout this citywide system."

Continuum Health PartnersMount Sinai Health System will include seven major hospital campuses throughout New York: The Mount Sinai Hospital, Beth Israel Medical Center, St. Luke's Hospital, Roosevelt Hospital, Beth Israel Brooklyn, Mount Sinai Queens and New York Eye & Ear Infirmary. In addition, Continuum will end all medical school affiliations, making Mount Sinai the lone medical school for the system, according to the release.

Mount Sinai and Continuum officially pursued merger talks in February. Continuum had planned to merge with NYU Langone Medical Center, also in New York City, but talks broke down after Mount Sinai made a competing offer.

More Articles on Hospital Mergers:
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