Will Plans To Install An Unwanted Urgent Care Center In The O'Toole Building In The West Village Impact North-Shore LIJ's Bond Rating ?
North Shore-Long Island Jewish Health System is making a multi-million dollar investment in an urgent care center that is proposed in the catchment area that used to be served by St. Vincent's Hospital.
The urgent care center is a risky and experimental investment by North Shore-LIJ, because this is the first time that the New York State Department of Health has approved an urban urgent care center to replace a Trauma Level 1, full service hospital in New York City.
Since the closing of St. Vincent's, community activists have organised and demanded that politicians help the community first save, then replace, St. Vincent's. A companion real estate development project that will turn the primary campus of St. Vincent's into luxury condos by Rudin Management Company also faces unified community opposition.
It is not yet known how much revenue North Shore-LIJ is projecting from its proposed urgent care center, which will face calls for a community boycott, and what such a boycott will mean to North Shore-LIJ's return on its investment and on its larger finances.
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