HEART INSTITUTE

THE HEART INSTITUTE AT STATEN ISLAND UNIVERSITY HOSPITAL OPENED IN 2001 AND IS A NOT-FOR-PROFIT TAX ORGANIZATION UNDER CODE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HEART INSTITUTE IS NOT ITSELF A DIRECT PROVIDER OF CLINICAL OR MEDICAL SERVICES, BUT OVERSEES THE ADMINISTRATIVE, FINANCIAL, AND OPERATIONAL ASPECTS OF THE CARDIAC SERVICES PROVIDED TO LOCAL AREA HOSPITALS THROUGH JOINT VENTURE AGREEMENTS BETWEEN RICHMOND UNIVERSITY MEDICAL CENTER AND STATEN ISLAND UNIVERSITY HOSPITAL.