Nuvance Health Merges with Northwell Health to Form Regional Powerhouse

Deal News | May 07, 2025 | EIN

Nuvance Health and Northwell Health have finalized their merger, creating a massive regional nonprofit health system that serves 13 million people across New York and Connecticut. Following a settlement agreement approved by Connecticut regulators, the merger was completed with Northwell Health now managing 28 hospitals, which include Nuvance Health's facilities in Connecticut and New York. The unified system boasts a $22.6 billion operating budget, 104,000 employees, and an extensive network of over 1,050 care sites. Pending the merger announcement since early last year, the partnership aims to elevate patient care standards. Northwell's investment of at least $1 billion into Nuvance facilities reflects a significant commitment to long-term health in the communities served. This strategic expansion sees Nuvance's operations being integrated into Northwell's infrastructure, finalizing with the transition of Nuvance's headquarters to New Hyde Park, New York.

Sectors

Healthcare Services
Hospital & Healthcare Facilities
Nonprofit Organizations

Geography

United States – The merger involves hospitals and healthcare services in the states of New York and Connecticut.
New York – Northwell Health operates the largest health system in New York, providing context to its headquarters and primary service area.
Connecticut – The merger received approval from Connecticut regulators and includes Nuvance Health facilities located within the state.

Industry

Healthcare Services – The merger involves two large healthcare systems combining resources and facilities to provide medical services to a broad population in New York and Connecticut.
Hospital & Healthcare Facilities – Both Nuvance Health and Northwell Health operate numerous hospitals and healthcare facilities that are integral to the merger and resulting health system.
Nonprofit Organizations – The article mentions that both Nuvance Health and Northwell Health are nonprofit health systems, impacting their operational and financial strategies.

Financials

$22.6 billion – The operating budget of the combined health system after the merger.
$1 billion – The minimum investment Northwell Health is to make in Nuvance Health's hospitals as part of the merger agreement.

Participants

Name	Role	Type	Description
Nuvance Health	Target Company	Companies	A nonprofit health system with hospitals in Connecticut and New York, now merged with Northwell Health.
Northwell Health	Bidding Company	Companies	The largest health system in New York, which has merged with Nuvance Health to form an expanded regional health system.
Michael Dowling	President and CEO of Northwell Health	People	He commented on the significance and future impact of the merger in the healthcare industry.
Dr. John M. Murphy	President and CEO of Nuvance Health	People	He highlighted the benefits of the merger for meeting patient needs long-term.
State Office of Health Strategy, Connecticut	Regulatory Body	Government	Connecticut's regulatory office overseeing the Certificate of Need application process for the merger.