NYU Langone, Continuum Health explore possible merger - New York News | NYC Breaking News

NYU Langone, Continuum Health explore possible merger

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NEW YORK (AP) -

NYU Langone Medical Center and Continuum Health Partners, two major New York City hospital systems, have reached agreement to pursue a merger.

The boards of the two systems said in a statement Wednesday they agreed to enter into a nonbinding memorandum of understanding to determine whether to enter into a formal merger agreement.

Continuum is a network of five hospitals including Beth Israel and St. Luke's-Roosevelt. NYU Langone is a four-hospital system.

The boards of the two nonprofit organizations said a successful partnership would help reduce health care costs while enhancing the quality of care. They said it also would allow for investment in new facilities.  The Federal Trade Commission and the state Health Department would have to review any merger.

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