Miami Heart Institute
Recently, Chief Executive Steven Sonenreich revealed to The Miami Herald that the hospital had just retained a firm to arrange the sale of the Miami Heart Campus, the site market value being around $56 million.
Mount Sinai purchased Miami Heart Institute in 2000 for $75 million on the theory that consolidating the two hospitals would slowly ease the competition of the two nearby facilities and improve their image. Since the purchase, Mount Sinai has closed Miami Heart's operations and its emergency room, as of 2004. The remaining services of Miami Heart include the rehabilitation center, hospice, dialysis, and wound-care center which will all make a move into Mount Sinai in the next couple of months, according to Steven Sonenreich. The reason for Miami Heart's being on the market is because of Mount Sinai's expansion.
Many of Miami Heart's doctors have made their move to Mount Sinai or have reserved their office spaces in the new nine-story medical office building currently under construction within the Mount Sinai campus and right beside Biscayne Bay, with a beautiful view of the Downtown skyline and the bay itself.
Read more about this topic: Mount Sinai Medical Center & Miami Heart Institute
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