According to sources, North Shore LIJ who was able to use its good credit rating and balance sheet to transact a credit lease financing, allowing it to make a significant profit the day it closed on the building.
North Shore LIJ had been a sub-tenant at the building for the last eight years.
The newly merged credit union will keep the name North Shore LIJ Health System Federal Credit Union, as a way to be more inclusive to all members.
Currently, North Shore LIJ serves more than 11,000 members, has 13 employees and holds assets of over $59 million.
North Shore LIJ Health System FCU has 11,000 members and $56 million in assets.
Each board has expressed an interest in exploring a merger of the three institutions," said Gary Leonard, president and board of directors of North Shore LIJ Health System FCU.
According to the DOH's latest report on adult cardiac surgery (covering 2009-11), LIJ
was one of only two hospitals in New York State - out of 40 statewide that perform open-heart surgeries -- with risk-adjusted mortality rates that were significantly better than the statewide average for patients undergoing heart valve or valve/CABG surgeries.
The recognition and expansion of Arrowsight's RVA technology is a validater for us, showing firsthand what the RVA system has done to improve patient safety and efficiency at North Shore LIJ
Health System, not just in the ICU's but now in the surgical department.
The Rudins and North Shore LIJ
are partnering to develop the first stand-alone 24-hour emergency and ambulatory surgical facility in the New York metropolitan area.
facility in the borough, according to Joseph Weiner, of North Shore LIJ
Health System, corporate parent of SIUH.
First, it has a prime location across the street from LIJ
Medical Center and about 2 1/2 miles away from North Shore University Hospital in Manhasset.
Recently, North Shore-LIJ
made a significant investment in constructing a new Breast Imaging Center at its Center for Advanced Medicine in Lake Success, NY, across the street from LIJ