"New York City is taking over Maimonides Hospital, the financially ailing medical system headquartered in Brooklyn, Mayor Eric Adams and hospital officials announced Monday. The merger with the city's public hospital system - Health+Hospitals - has the blessing of Gov. Kathy Hochul, who's willing to put up $2.2 billion over five years to preserve medical services in Borough Park and surrounding areas."
""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. Maimonides' financial distress is at the root of the merger, as it treats a substantial number of patients who receive health coverage through Medicaid, the government health insurance program for the needy."
"By merging with Health+Hospitals, Maimonides will be reimbursed at a higher rate for patient services by Medicaid, bolstering its financial position, a release put out by the Adams' office said. Health+Hospitals currently runs 11 hospitals, 29 medical clinics and five long-term care facilities across the Big Apple. Maimonides Health has three inpatient campuses and more than 80 medical clinics in the heart of Orthodox Jewish Brooklyn. It employs 7,000 individuals and works with 1,800 doctors."
New York City will take over Maimonides Hospital and merge it with the municipal Health+Hospitals system to preserve local medical services. Gov. Kathy Hochul will provide $2.2 billion over five years to support the transition. Maimonides faces financial distress driven by a large Medicaid patient population and has previously received state funding. The merger will enable higher Medicaid reimbursement rates for Maimonides and improve its financial position. Health+Hospitals operates numerous hospitals, clinics, and long-term care facilities citywide. Maimonides maintains three inpatient campuses, over 80 clinics, employs 7,000 staff, and partners with 1,800 doctors. The merger is expected by April and has prompted some opposition.
Read at New York Post
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