The hospital had $20 million in operating losses this year after losing market share to competitors in recent years, according to the report.
The hospital is currently considering bids from North Shore-Long Island Jewish Health System, NYU Langone Medical Center and Mount Sinai Hospital. North Shore-LIJ has offered to make Lenox Hill and affiliate, while North Shore-LIJ offered a full merger.
Some familiar with the bids support the affiliation as it would provide greater autonomy to Lenox Hill, while other believe only a true merger would improve operational efficiencies, according to the report.
Read Crain’s New York Business’ report on Lenox Hill Hospital.
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