Maimonides merger ‘not a takeover,’ Health+Hospitals CEO says, and will bring millions in cash

The city’s pending acquisition of Maimonides Health is “not a takeover,” the head of NYC Health+Hospitals said on Monday, and much of the status quo will be maintained, at least at first.

At a City Council oversight hearing on March 2, Health+Hospitals CEO Dr. Mitchell Katz said the merger is meant to stabilize Maimonides’ finances and improve the quality of care without infringing on the hospital’s independence.