North Shore-Long Island Jewish Health System has finalized a partnership with Brooklyn's Maimonides Medical Center as the suburban giant extends its reach into New York City.
The deal is described as a strategic partnership with Maimonides retaining its own governance and identity—at least initially. “The hope is that the collaboration will work toward integration in the future,” said Mark Claster, who chairs North Shore's board of trustees.
Financial terms were not disclosed. North Shore, however, will provide Maimonides with capital that will allow it to develop its ambulatory-care strategy, Claster said. It will also help the medical center, which reported an operating deficiency in its most recent earnings report, become more efficient.
Maimonides, a teaching and tertiary-care hospital, is one of the largest participants in New York's Delivery System Reform Incentive Payment program. The center is using that funding to create a coordinated-care program for Brooklyn's Medicaid population, and the added ambulatory-care sites will aid those efforts.
North Shore, based in Great Neck, N.Y., in 2010 took over Lenox Hill Hospital on Manhattan's Upper East Side.
It also has affiliations with hospitals in Staten Island and Queens.
