The Real Deal Miami

Miami Beach hospital wants $205M in upgrades

Mount Sinai Medical Center plans extensive improvements to campus in city

May 15, 2014 12:45PM

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Mount Sinai Medical Center

Mount Sinai Medical Center

Mount Sinai Medical Center intends to start a $205 million upgrade to its Miami Beach campus.

The nonprofit made a recent presentation to its bond investors outlining the planned improvements. It wants to replace a surgical bed tower, substantially increase the size of its emergency staff, construct new in-patient operating rooms and build a new observation unit. The goal is to prepare the organization for the next half-century of growth.

“Now we are the only hospital on Miami Beach and with twice as many visits per year as planned for in the 70s so we need to expand our facilities,” Mount Sinai president and CEO Steven Sonenreich told South Florida Business Journal. The emergency department on the Miami Beach campus was constructed in 1972.

The improvements would be funded through bond revenue, refinancing existing debt, money from its charitable foundation, outside donations and $15 million from the city for the emergency department. [South Florida Business Journal]Eric Kalis

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