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Mount Sinai Hospital Merges With Network of Healthcare Facilities

NEW YORK CITY-The combination will give the healthcare provider another five campuses, making it one of the nation's largest such organizations.

By Rayna Katz | Updated on July 17, 2013

NEW YORK CITY-In a major move that calls the future of large swaths of healthcare real estate into question, Mount Sinai Medical Center and Continuum Health Partners jointly announced Wednesday that their boards have agreed to a merger. Continuum is a network of hospitals that includes Beth Israel Medical Center in Manhattan; Beth Israel Brooklyn; St. Luke’s Hospital, Roosevelt Hospital and the New York Eye & Ear Infirmary.

Upon final regulatory completion—which is expected to take place in the fall—the newly formed Mount Sinai Health System will include all of those facilities as well as Mount Sinai’s campuses in Manhattan and Queens. The merged entity is being represented on the real estate front by Jonathan Serko, vice chairman at Cushman & Wakefield. No further details about plans for the buildings were available at press time, but watch for future updates.

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