Beth Israel gains clout in merger with St. Luke's. (Beth Israel Medical Center; St. Luke's-Roosevelt Hospital Center)

From: Crain's New York Business | Date: December 9, 1996| Author: | Copyright information

Unified hospital should dominate the cityscape but it carries big debt

Beth Israel Medical Center and St. Luke's-Roosevelt Hospital Center are planning to merge, creating a hospital network that stretches from the Upper West Side down and across to the East Side of Manhattan. The deal comes just weeks after Long Island Jewish Hospital called off its proposed merger with Beth Israel.

By acquiring St. Luke's-Roosevelt, Beth Israel is getting important property on the West Side, but with risks that some warn are very high. While St. Luke's-Roosevelt has newly renovated facilities ...

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