Northwell Health plans to convert $232M property into medical facilities, ASC

Great Neck, N.Y.-based Northwell Health will develop a medical complex on The University Financing Foundation's $232 million property, The Real Deal reports.

Here are three highlights:

1. The University Financing Foundation, a healthcare and university-focused nonprofit, purchased a strip of six vacant New York City buildings from Mautner-Glick.

2. Northwell plans to develop an ASC, an outpatient care center, a cancer center and medical offices on the site.

3. Northwell Health is New York City's biggest hospital system.

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