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Mayor Eric Adams unveiled a $114.5 billion preliminary budget proposal on Thursday, which cuts overall public health spending while adding new funds for a recently announced five-year plan aimed at providing shelter and mental health services to homeless New Yorkers. While city funding for the Health Department and public hospital system declined, the proposal includes […]

MEDICAL SUPPLY DEAL: Henry Schein, a Long Island-based medical device supplier, has completed its acquisition of medical device maker Acentus, the company said Wednesday. Acentus, based in Tampa, Florida, primarily manufactures continuous glucose monitors, which allow patients to track their blood sugar in real-time and brings in about $35 million in annual revenue. The acquisition

Hospital for Special Surgery is following the herds south. The Upper East Side-based orthopedic health system is expanding its footprint in Florida to try to grab a bigger market in one of the fastest-growing states. The system is partnering with the University of Miami Health System to open a musculoskeletal program within the university’s new

New York-Presbyterian is resurrecting more than two dozen hospital beds for psychiatric patients at its hospitals in Upper Manhattan, years after it reduced behavioral health capacity during the pandemic. The health system filed plans Wednesday to transfer three inpatient behavioral health beds from Allen Hospital to its neighboring Columbia University Medical Center as it revamps

UnitedHealth Group shares fell after elevated medical costs persisted in the fourth quarter and revenue missed estimates. The stock dropped as much as 5.2% in early trading Thursday, before paring losses to 3.6%. Other insurers, including Elevance Health and Humana, also declined. The company’s medical-loss ratio, which shows the percentage of premiums paid out for

In a city full of ultra-expensive properties, the most valuable of them all is the Empire State Building observatory. The 86th-floor tourist attraction is worth more than $20,000 per square foot, or double the amount paid for sky-high apartments on Billionaires Row. Beneath the observatory, the landmarked tower’s office suites are 94% leased.. Tax assessors

One of Manhattan’s oldest homes is looking for a new owner. The clapboard-and-brick building on Bedford Street in the West Village, which preservation officials say dates to 1800, has come to market for $12 million, according to a listing that appeared Wednesday. And the sellers of the 4-story, 3,600-square-foot city landmark are longtime fixtures of

A hugely popular Brooklyn bakery made its Manhattan debut this week with a soft launch in a West Village storefront it signed a lease for last year. L’Appartement 4F, which since its 2022 opening in Brooklyn Heights has had lines wrapped around the block for its hand-rolled croissants, started testing out its new kitchen at

Mayor Eric Adams proposed a $114.5 billion budget for the coming year that cuts back on migrant spending while ramping up allocations for shelter beds, tax cuts and infrastructure. But he acknowledged uncertainties posed by a sluggish commercial office market and the policies of the incoming Trump administration. The preliminary budget for Fiscal Year 2026,

Leases Coworking firm extends DuMont Building lease Address: 515 Madison Ave., ManhattanLandlord: GFP Real EstateTenant: Jay Suites and Jay ConferenceLease size: 60,000 square feetLease length: 12 yearsAsset type: OfficeBrokers: GFP Real Estate’s Jeffrey Gural represented the landlord and the tenant. Digital identity firm takes space in Columbus Circle Address: 3 Columbus Circle, ManhattanLandlord: The Moinian