Maimonides will merge with NYC Health+Hospitals next year, officials say amNewYork

"Maimonides Medical Center will officially merge with NYC Health+Hospitals next year, Mayor Eric Adams announced Monday. The move, expected to be completed by April 2026, will bring private safety net hospital Maimonides into the city's public healthcare system. Court documents allege that the deal is worth $15 billion. Officials say the merger, which must first be approved by the state's Attorney General, will support the financially-struggling Maimonides and allow the hospital to stay afloat."

"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 merger is expected to be completed by April 1, 2026. . Photo courtesy of Google Maps The mayor said that NYC Health+Hospitals is the envy of cities everywhere, and that the merger preserves and strengthens care in Brooklyn."

"In joining Health+Hospitals, Maimonides will be entitled to higher Medicaid reimbursement rates only available to public hospitals. The higher reimbursements are expected to generate millions of dollars in additional revenue every year, a Maimonides spokesperson told Brooklyn Paper last week. A safety-net hospital, more than 80% of Maimonides' patients are insured by Medicare and Medicaid, according to its Community Services Plan, and the hospital cares for all patients, even if they can't pay."

Maimonides Medical Center will merge into NYC Health+Hospitals with completion expected by April 1, 2026. The merger will bring a private safety-net hospital into the city's public healthcare system and grant access to higher Medicaid reimbursement rates available to public hospitals. Higher reimbursements are expected to generate millions in additional annual revenue. More than 80% of Maimonides' patients are insured by Medicare and Medicaid, and the hospital provides care regardless of ability to pay. Medicaid and Medicare reimbursements do not cover full costs, contributing to prolonged financial struggles and large losses in early 2025.

Read at www.amny.com