Here are four things to know about the affiliation agreement.
1. If approved, South Nassau Communities Hospital will become Mount Sinai’s flagship hospital in Long Island, N.Y.
2. South Nassau Communities Hospital’s current board of directors will maintain governance over daily operations at the 455-bed hospital. Two representatives from Mount Sinai’s and South Nassau’s boards will also join the other institution’s board.
3. As part of the deal, Mount Sinai will infuse $120 million in capital contributions to South Nassau Communities Hospital to expand its surgical facilities, intensive care units and emergency department as part of the hospital’s five-year expansion plan.
4. The transaction is pending regulatory approval, which officials expect to obtain within the coming months. The organizations signed a nonbinding letter of intent to partner last May.
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