""By bringing two storied health care systems together under one umbrella, we will ensure that Brooklynites, and all New Yorkers, can continue to receive the high-quality care that they deserve," Adams said in a statement."
"The mayor said that NYC Health+Hospitals is "the envy of cities everywhere," and that the merger "preserves and strengthens care" in Brooklyn."
"The higher reimbursements are expected to generate "millions of dollars" in additional revenue every year, a Maimonides spokesperson told Brooklyn Paper last week."
Maimonides Medical Center will officially merge with NYC Health+Hospitals, with completion expected by April 2026. Court documents allege the deal is worth $15 billion. The merger requires approval by the state Attorney General. The move aims to support financially struggling Maimonides and allow the hospital to remain operational. Joining Health+Hospitals will make Maimonides eligible for higher Medicaid reimbursement rates available to public hospitals. Those higher reimbursements are expected to generate millions of dollars in additional annual revenue. Maimonides is a safety-net hospital with more than 80% of patients insured by Medicare and Medicaid and operates multiple hospitals and outpatient facilities. Reported recent financial results show steep losses and minimal revenue.
Read at Brooklyn Paper
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