Four-hospital Continuum Health Partners, New York, has decided to sell the Singer Division of Beth Israel Medical Center, a 14-story building on prime Manhattan real estate. The division was founded in the late 1920s as Doctors Hospital and taken over by Beth Israel in 1987. It staffs about 140 beds and houses Beth Israel's signature institute for neurology and neurosurgery, which will be moved to Continuum's St. Luke's-Roosevelt Hospital Center. Other programs at the division will be relocated to other Continuum hospitals. The sale is an aggressive step towards managing an operational deficit that has plagued the division for several years and, at the same time, will generate capital to invest in remaining hospital properties, a Continuum spokesman said. Continuum is working with the union to determine the fate of the division's 1,100 workers, including approximately 200 nurses, who likely will remain with the system, the spokesman said. The division will close Aug. 1, subject to approval by the state health department and attorney general. -- by Cinda Becker
N.Y. system to sell Manhattan hospital building
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