Maimonides Medical Center and Brookdale University Hospital and Medical Center, both based in Brooklyn, N.Y., have entered exploratory discussions about a possible affiliation, according to a WYNC report.
Maimonides officials said talks were at the early stages, and there is no certainty of when a deal would be proposed.
"While we may consider an affiliation of some sort, we are not in merger talks, nor do we plan to use Maimonides' assets to stabilize Brookdale," a Maimonides spokesperson told WNYC.
Maimonides is one of the few Brooklyn hospitals with stabilized finances. In 2010 and 2011, the 711-bed hospital recorded cumulative profit $34.5 million. Brookdale, however, has teetered close to bankruptcy for the past several years. In 2010, the 530-bed Brookdale had $285 million in debt with large operating losses and a low occupancy rate of 58 percent.
Maimonides officials said talks were at the early stages, and there is no certainty of when a deal would be proposed.
"While we may consider an affiliation of some sort, we are not in merger talks, nor do we plan to use Maimonides' assets to stabilize Brookdale," a Maimonides spokesperson told WNYC.
Maimonides is one of the few Brooklyn hospitals with stabilized finances. In 2010 and 2011, the 711-bed hospital recorded cumulative profit $34.5 million. Brookdale, however, has teetered close to bankruptcy for the past several years. In 2010, the 530-bed Brookdale had $285 million in debt with large operating losses and a low occupancy rate of 58 percent.
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