Healthcare Business News

NYU Langone, Continuum Health explore merger

By Melanie Evans
Posted: June 7, 2012 - 5:15 pm ET

(Story updated at 5:15 p.m. ET.)

The potential merger of NYU Langone Medical Center with Continuum Health Partners moved closer to a deal as the New York hospital operators signed a memorandum of understanding.

Negotiations are expected to continue for another six months as the prospective partners compare strategic and operating plans, the not-for-profits said in a joint statement (PDF).

Advertisement | View Media Kit


NYU Langone, one of New York City’s largest hospitals with 786 beds, finished fiscal 2011 with operating income of $138.6 million on revenue of $2.84 billion. Financial statements were unavailable for Continuum, which includes 810-bed Beth Israel Medical Center, 692-bed St. Luke’s-Roosevelt Hospital Center and the 32-bed New York Eye & Ear Infirmary. St. Luke’s-Roosevelt reported operating income of $17.4 million on revenue of $1.26 billion for fiscal 2011.

The organizations touted the potential benefits from consolidation in the joint statement. “Both entities expect that a successful partnership would achieve economies of scale that reduce healthcare costs while enhancing the quality of care and allowing for investment in new facilities.”

What do you think?

Share your opinion. Send a letter to the Editor or Post a comment below.

Post a comment

Loading Comments Loading comments...



Switch to the new Modern Healthcare Daily News app

For the best experience of on your iPad, switch to the new Modern Healthcare app — it's optimized for your device but there is no need to download.