Northwell, Complete Nouvance merger | Diving

Northwell Health completed its merger with Danbury, based at Nuvance Health, based in Connecticut, said the system in a press release on Wednesday.

The agreement officially concluded on May 1, after the systems received the last light from Connecticut regulators last month.

The merger creates a system of nearly $ 23 billion, with 28 hospitals, 1,050 ambulatory care sites, 73 urgent care centers and more than 104,000 employees, according to the press release.

North-north The president and chief executive officer, Michael Dowling, will remain at the head of Northwell and will direct the combined system, according to a spokesperson for the company. In the meantime, Nursery The president and chief executive officer John Murphy will supervise Nursery Operations, report to Dowling.

The merger should provide a smaller access to clinical, operational and financial resources of Northwell and help the system recruit and develop talents, according to the press release.

Northwell has also agreed to invest at least $ 1 billion in Nuvance facilities and extend certain services in Nuvance hospitals.

For example, Northwell will invest in women’s health services, including labor and delivery services at Sharon Hospital in Nouvance Connecticut, and will preserve endowment levels at Putnam Hospital based in New York.

North-north And Nursery announced for the first time its intention to merge in February 2024, as a way to the financial stability of the struggle in difficulty. The agreement was approved by the New York State Department of State and the Connecticut Bureau of the Health Strategy, Attorney General of each State and Board of Directors of the two organizations.