Mount Sinai Beth Israel Campus in Gramercy Park to Shutter

Increasing financial losses have prompted decisions by Mount Sinai to close the Mount Sinai Beth Israel (MSBI) hospital campus spanning East 16th and 17th Street between 2nd and 1st Avenue. Although a timeline for the planned initial reduction of the 696-bed teaching hospital’s inpatient bed count and final closing completion were not provided, the decision brings a closure to “years of agonizing debate and analysis” prompted by mounting financial pressures. Over the past 10 years, MSBI has sustained an excess of $1 billion in losses, with increasing labor and supply costs and a lowering of the hospital’s inpatient census a major contributing factor. Impacted, unionized staff roles will be offered positions with the same titles and pay at other locations within the system; and Mount Sinai also plans to further evaluate options for opening a smaller hospital downtown, engaging the community and elected official to determine the health system’s next steps.