Officials at NewYork-Presbyterian hospital said they are planning a new $254 million cardiovascular center at its NewYork-Presbyterian Hospital/Columbia University Washington Heights campus. The provider also intends to complete a $169 million upgrade to the New York Weill Cornell Center on the Upper East Side. Coming at a time when many community hospitals in New York are struggling to remain profitable, critics say the expansion highlights the competitive advantage that major academic medical centers have in the marketplace. Some analysts argue that the move could "shift the competitive balance" in the city as Presbyterian strengthens its more lucrative specialty businesses.
- see this article from the New York Sun