Fear Of Job Loss

Anxieties Hospital mergers are becoming a national trend, as institutions from New England to the San Francisco Bay area combine to strengthen their competitive positions in a changing health care market. The phenomenon has now emerged in New York, where the proposed merger between Mount Sinai Medical Center and New York University Medical Center (NYU), announced June 18, appeared to set off a flurry of similar transactions. In addition to combining their two hospitals, the institutions will me

Myrna Watanabe
Aug 18, 1996

Anxieties Hospital mergers are becoming a national trend, as institutions from New England to the San Francisco Bay area combine to strengthen their competitive positions in a changing health care market. The phenomenon has now emerged in New York, where the proposed merger between Mount Sinai Medical Center and New York University Medical Center (NYU), announced June 18, appeared to set off a flurry of similar transactions. In addition to combining their two hospitals, the institutions will merge their nationally known medical schools.


MOUNTING FEARS: Scientists wonder how the merger of Mount Sinai, shown here, with NYU will affect their careers.
The Mount Sinai-NYU marriage may not be blissful for researchers who are concerned about possible job loss and funding issues as formerly competing institutions, sometimes with grants for similar research, become one. However, the experience of two institutions in nearby Philadelphia that have gone through a similar merger...

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