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Article: Slow-going venture in New York.(Mount Sinai-NYU Medical Center/Health System)(North Shore-Long Island Jewish Health System)(Brief Article)(Statistical Data Included)
- Article from:
- Modern Healthcare
- Article date:
- September 18, 2000
- Author:
CopyrightCOPYRIGHT 2000 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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When two stalwart New York hospital systems announced that they were going to talk about a joint venture and then backed it up with $6 million, people in the industry sat up and listened.
But with time ticking away and an undetermined amount of the grubstake spent, Mount Sinai-NYU Medical Center/Health System, New York, and North Shore-Long Island Jewish Health System, Great Neck, haven't accomplished a whole lot since their discussions captured headlines in March 1999.
In the wake of the merger frenzy that created both systems in the late 1990s, inertia seems to have set in.
The joint venture has taken the shape of "a slow-growing initiative" ...