Northwell Health has completed its merger with Danbury, Connecticut-based Nuvance Health, the system said in a Wednesday press release.
The deal officially closed May 1, after the systems received the final greenlight from Connecticut regulators last month.
The merger creates a nearly $23 billion system, with 28 hospitals, 1,050 ambulatory care sites, 73 urgent care centers and more than 104,000 employees, according to the news release.
Northwell President and CEO Michael Dowling will remain at the helm of Northwell and lead the combined system, according to a company spokesperson. Meanwhile, Nuvance President and CEO John Murphy will oversee Nuvance operations, reporting to Dowling.
The merger is expected to offer smaller Nuvance access to Northwell’s clinical, operating and financial resources and help the system recruit and develop talent, according to the press release.
Northwell has also agreed to invest at least $1 billion into Nuvance facilities and expand some services at Nuvance hospitals.
For example, Northwell will invest in women’s health services, including labor and delivery services at Nuvance’s Connecticut-based Sharon Hospital, and preserve staffing levels at New York-based Putnam Hospital.
Northwell and Nuvance first announced plans to merge in February 2024, as a path toward financial stability for struggling Nuvance. The deal was approved by the New York State Department of Health and Connecticut Office of Health Strategy, attorneys general of each state and boards of trustees from both organizations.
