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Mount Sinai finalizes partnership with South Nassau

Oceanside, N.Y.-based South Nassau Communities Hospital and New York City-based Mount Sinai Health System have finalized a partnership that will include a $120 million investment by Mount Sinai to establish South Nassau as its flagship Long Island hospital, according to Newsday.

The providers began affiliation talks in May 2017, and South Nassau's board unanimously approved the partnership in January. The New York state health department, the New York state attorney general and the New York state education department have all approved the move. Mount Sinai's multimillion dollar investment will help South Nassau expand its campus and service lines while also and create a  residency program in internal medicine.

"Mount Sinai is a world-class institution with a leading medical school, and this partnership will allow our patients to have access to some of the top physicians and most advanced treatments available," said Richard J. Murphy, South Nassau's president and CEO.. "It also will help South Nassau reach the next level in our role as a growing regional medical center."

The partnership combines Mount Sinai's role as an academic medical center with the community-based care available at South Nassau, and will help the hospitals offer clinical trials and other services to Long Island patients  who would have otherwise had to travel for such care.

More articles on healthcare industry transactions:

Bankruptcy court approves sale of Mississippi hospital
South Carolina health system OKs acquisition of 4 hospitals from CHS
California DOJ approves CHI-Dignity merger, with conditions

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