Lutheran Hospital moving toward merger with NYU Langone
Lutheran Medical Center, which made news back in April when it signed an affiliation agreement with health care giant NYU Langone, is making news again — this time by entering into a full merger with its big brother.
The Sunset Park hospital, which has been called NYU Lutheran since April, is rapidly moving toward a full-blown merger with NYU Langone, according to NYU Lutheran CEO Wendy Z. Goldstein.
The merger is expected to be completed in January, Goldstein told Community Board 10 Monday night. It is contingent upon regulatory approvals from New York state.
The difference between an affiliation and a merger, according to Goldstein, is that an affiliation is an agreement in which the two parties pledge to work together for a certain period of time, which in the case of NYU Lutheran and NYU Langone is five years. A merger is the formal joining together of two separate institutions into one entity.