Latest news with #StuartRabinowitz
Yahoo
01-06-2025
- Business
- Yahoo
Kathy Hochul taps new board of directors Nassau County hospital after state's hostile takeover
Stuart Rabinowitz, the ex-Hofstra University president, is Gov. Kathy Hochul's choice to helm a reconfigured health care board of directors, with the announcement coming a day after the resignation of 10 executives at Nassau University Medical Center. Rabinowitz is one of four appointees joining the newly revamped NUMC board, Hochul's office announced. Konstantinos 'Dean' Mihaltses, a longtime hospital executive who worked at NYC Health + Hospitals in Queens; Lisa Warren, president of Placid LLC real estate development; and Amy Flores, a JP Morgan Chase vice president, were also tapped for the posts. 'NUMC is a vital lifeline for so many on Long Island, and today we are taking long-overdue steps to ensure it has the leadership and oversight it needs to thrive,' Hochul said in a statement. 'These new appointments, and the new authority granted to the state and NIFA, will help ensure accountability, responsible fiscal management and high-quality care for the communities NUMC serves. Stuart Rabinowitz is a respected and visionary leader, and I can't think of a better person to help lead this next chapter for NUMC.' Hochul plans to replace the entire 11-member board of the Nassau Health Care Corp., or NuHealth, which oversees the teaching hospital. The other seven will be chosen by the governor, who will first meet with Democratic state and lawmakers to consider candidates. The appointments take effect Sunday, and coincide with a new state law that overhauls NuHealth's leadership, bolsters state oversight and 'sets a path forward' for getting NUMC's finances back on track. The news comes a day after NUMC's CEO and nine other hospital leaders resigned. 'NUMC is a critical safety-net institution that has suffered from years of dysfunction and mismanagement,' Rabinowitz said. 'I'm grateful to Governor Hochul for the trust she's placed in me, and I'm eager to get to work with my fellow board members to restore public confidence, implement long-overdue reforms and put this hospital back on a path to stability and excellence.' Rabinowitz, a Columbia Law grad, was Hofstra's president for more than 20 years. During his tenure at the Long Island university, the former constitutional law professor oversaw the creation of a medical school and raised Hofstra's national profile, securing it as the host site for three US presidential debates. The new board is expected to meet on Monday. Between now and Dec. 1, 2026, the board will need to submit a study 'exploring options to strengthen NUMC,' according to Hochul's statement.
New York Post
31-05-2025
- Business
- New York Post
Kathy Hochul taps new board of directors for financially beleaguered Nassau County hospital
Stuart Rabinowitz, the ex-Hofstra University president, is Gov. Kathy Hochul's choice to helm a reconfigured board of directors for financially beleaguered Nassau University Medical Center, her office announced Saturday. Rabinowitz is one of four appointees joining the newly revamped board. Konstantinos 'Dean' Mihaltses, a longtime hospital executive who worked at NYC Health + Hospitals in Queens; Lisa Warren, president of Placid LLC real estate development; and Amy Flores, a JP Morgan Chase vice president, were also tapped for the posts. Advertisement Gov. Kathy Hochul has tapped Stuart Rabinowitz to helm a reconfigured board of directors for Nassau University Medical Center. Lev Radin/Shutterstock 'NUMC is a vital lifeline for so many on Long Island, and today we are taking long-overdue steps to ensure it has the leadership and oversight it needs to thrive,' Hochul said in a statement. 'These new appointments, and the new authority granted to the state and NIFA, will help ensure accountability, responsible fiscal management and high-quality care for the communities NUMC serves. Stuart Rabinowitz is a respected and visionary leader, and I can't think of a better person to help lead this next chapter for NUMC.' Advertisement The appointments take effect Sunday. Hochul plans to replace the entire 11-member board of the Nassau Health Care Corp., or NuHealth, which oversees the hospital. Nassau University Medical Center's CEO and nine other hospital leaders resigned yesterday. Dennis A. Clark The other seven will be chosen by the governor, who will first meet with state legislative and county legislative Democrats to consider candidates. Advertisement The news comes a day after NUMC's CEO and nine other hospital leaders resigned. 'NUMC is a critical safety-net institution that has suffered from years of dysfunction and mismanagement,' Rabinowitz said. 'I'm grateful to Governor Hochul for the trust she's placed in me, and I'm eager to get to work with my fellow board members to restore public confidence, implement long-overdue reforms and put this hospital back on a path to stability and excellence.' Rabinowitz was Hofstra's president for more than 20 years.
