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Article: Mount Sinai, NYU try to rebound from bad breakup. (Mount Sinai Medical Center; New York University Medical Center)
- Article from:
- Crain's New York Business
- Article date:
- February 24, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Consider other merger partners; patch things up with affiliates
Top executives of New York University Medical Center and Mount Sinai Medical Center may be shell-shocked from the failure of their merger talks. But they don't have the luxury of stewing over the bitter breakup.
The problems that brought them to the bargaining table - the need for partners to weather cuts in government funding and improve bargaining dour with health maintenance organizations - are as pressing as ever. NYU and Mount Sinai understand that, and are ready to open talks on other possible mergers.
"It is a rare institution that will remain solo," says Dr. Herbert Pardes, dean of ...