New York hospital campus to close in October

To close a $10 million deficit, Eastern Niagara Hospital is cutting 50 jobs and shutting down its campus in Newfane, N.Y., according to Buffalo Business First.

Advertisement

Eastern Niagara will close the Newfane campus, previously known as Newfane Inter-Community Memorial Hospital, in October. The property will then be put up for sale, according to WKBW.

Board chairman Rocco Surace said the changes will help ensure Eastern Niagara’s long-term viability.

“We are committed to serving the community for many years and doing it well,” he said, according to Buffalo Business First. “This sustainable service model is what is needed to ensure our hospital’s viability in the community.”

Eastern Niagara’s campus in Lockport, N.Y., will remain open. The hospital will “consolidate and streamline” inpatient beds and nursing units in Lockport, according to Buffalo Business First.

More articles on healthcare finance:

Vermont hospital likely to close without merger
CEO resigns amid Tennessee health system’s financial troubles
10 hospitals seeking CFOs

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.