Northwell Health Expands to 28 Hospitals with Nuvance Merger

Northwell Health's merger with Nuvance Health, valued at around $18 billion, has received final approval from the Connecticut Office of Health Strategy, marking a significant integration in the healthcare sector. The deal will enable Northwell to assume ownership of several hospitals in Connecticut and New York, creating a 28-hospital system. Over the next five years, Northwell pledges an investment of at least $1 billion across these hospitals, accompanied by mandatory annual progress reports. Critical conditions tied to the merger include price constraints in line with state targets and CPI, adoption of Northwell's financial assistance policies, and maintenance of inpatient services and labor relations. The merger's strategic focus includes enhancing medical care, promoting advanced payment models, and addressing social health determinants. With this merger, Nuvance will benefit from Northwell's resources, expanding care and professional growth opportunities in New York and Connecticut, offering access to a network of nearly 14,500 providers and over 1,000 care sites.