Mount Sinai/Beth Israel has announced in the face of losses amounting to "hundreds of millions" it will undergo a downsizing that will reduce inpatient bed capacity.
We have been informed by management that they will be announcing the downsizing of Beth Israel within the next week or two. Their plan is to move units and individuals throughout the system,†NYSNA officials wrote in the email sent Friday afternoon that began, Urgent message!â€
"NYSNA said in the message that it had entered into discussions with the health care union 1199 SEIU Healthcare Workers East and would protect members' job security, mobility and parity of benefits.â€
Facing huge losses, Mount Sinai Beth Israel to downsize | Crain's New York Business
This comes six years after Saint Vincent's Medical Center across town in the West Village filed for bankruptcy and shut down. That property is now luxury condo housing.