OTHER NEWS - July 26, 1996

New York, Presbyterian Hospitals to Merge: Merger of the two hospitals would create one of the largest not-for-profit health-care systems in the country, with 2,600 beds. It is the third big merger among New York’s private teaching hospitals in the last month. When completed, under the name the New York & Presbyterian Hospitals Health-Care System, the transaction would bring together more than 20 hospitals and other health-care institutions throughout the city. Their combined revenue exceeds $2.5 billion, the hospitals said in a joint announcement. The merged hospitals would maintain their separate academic affiliations.