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North Shore-LIJ to Add Phelps Memorial Hospital Center

North Shore-LIJ Health System in Great Neck, N.Y., and Phelps Memorial Hospital Center in Sleepy Hollow, N.Y., have ratified a letter of intent that would bring Phelps into the North Shore-LIJ network.

Financial terms of the deal were not disclosed. Executives will now conduct due diligence and hope to sign a definitive agreement by this summer.

The 238-bed Phelps would become North Shore-LIJ's 18th hospital and its first in Westchester County. Phelps has 1,600 employees and manages more than 8,000 inpatient admissions annually.

Phelps was one of four hospitals within Stellaris Health Network, which disbanded last year. The hospitals re-evaluated the system and decided to find different strategic partners. White Plains (N.Y.) Hospital signed a letter of intent this past February to affiliate with Montefiore Health System in Bronx, N.Y., while Lawrence Hospital Center in Bronxville, N.Y., is seeking to join NewYork-Presbyterian Hospital in Manhattan.

More Articles on Hospital Transactions:
South Nassau Closer to Acquiring Long Beach Medical Center
6 Recent Hospital Transactions and Partnerships
Ochsner, St. Tammany Parish Hospital to Form Affiliation

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