Mount Sinai Beth Israel Hospital to close after long legal battle

by: Erin Pflaumer, Kirstin Cole

Posted: Apr 9, 2025 / 05:56 AM EDT
Updated: Apr 9, 2025 / 08:08 AM EDT


MANHATTAN, N.Y. (PIX11) – The Mount Sinai Beth Israel Hospital in Manhattan is set to start closing on Wednesday following an appeals court decision.

The ruling, made on Tuesday, cleared the way for the hospital to shut down for good. The hospital originally planned to close back in July 2024, but stayed open during a legal battle with the Community Coalition to Save Beth Israel Hospital.

https://pix11.com/news/morning/mount-sinai-beth-israel-hospital-to-close-after-long-legal-battle/

How Mount Sinai Worked to Destroy Beth Israel Hospital
By Jeannine Kiely

The central argument of Mount Sinai Hospital’s most recent plan to close Beth Israel Hospital centers around their assertion that Beth Israel is on a path to lose $160 million this year, and that without closing Beth Israel, the whole Mount Sinai system will collapse. Besides the speciousness of a prediction that a four hospital system which grosses $24 billion a year is about to collapse (yes, $24,000,000,000), lies the fact that Mount Sinai has consciously set about to turn Beth Israel from a profit-making institution into a failing one.

As a member of the Community Coalition to Save Beth Israel Hospital and The New York Eye and Ear Infirmary group, I volunteered to do an analysis of Beth Israel’s publicly available financial records. I hold a BA in Economics from the University of California, Los Angeles and an MBA in Finance from Columbia Business School. For ten years, I worked in non-profit health care finance, including as a Director in the Health Care Group at Citibank. I provided financing and mergers and acquisition advisory services to not-for-profit healthcare companies, including structuring $6.9 billion in tax-exempt debt and derivative financings and advising on over $4 billion of financial transactions, including acquisitions, distressed asset sales and sale/leaseback deals.

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Frankly, their argument is duplicitous and self-serving. The executives are more interested in selling real estate than in serving the public in a community which will have lost its only full service hospital.
https://villageview.nyc/2024/07/05/how-mount-sinai-worked-to-destroy-beth-israel-hospital/

My grandparents would never have believed this could happen.