Photo by Stacie Joy
ICYMI: Last Thursday, citing ongoing financial difficulties, including an expected $150-million loss this year, Mount Sinai announced that it will phase out its Beth Israel facility on 16th Street and First Avenue.
Hospital officials said this in a statement: "This decision comes after recent financial changes, including significant increases in labor and supply costs, and years of decreasing inpatient census as care continues to move to outpatient and non-hospital settings."
Officials did not provide a timeline for the closure, stating that the emergency department will still receive patients.
There's speculation that Mount Sinai Beth Israel, the parent corporation of the New York Eye and Ear Infirmary, might try to sell the property it owns on 14th Street and Second Avenue, 13th Street and Second Avenue, and 13th Street between First Avenue and Second Avenue — which "could fetch up to $70 million if sold for apartment-building construction," per the Post back in February.
Following the news of the closure, local elected officials released this statement...
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Previously on EV Grieve: