NewYork-Presbyterian/Columbia University Irving Medical Center Celebrates the Renovation and Expansion of the Morgan Stanley Adult Emergency Department

Dec 5, 2017

New York

Two healthcare professionals shaking hands smiling for a photo

NewYork-Presbyterian/Columbia University Irving Medical Center celebrated the renovation and expansion of the Morgan Stanley Adult Emergency Department (ED) on Monday, Dec. 4. This marks the completion of the four-year renovation project made possible by a generous donation from Morgan Stanley and other donors that transformed and updated the space to accommodate patients’ needs and maintain the Hospital’s position at the forefront of emergency medicine.

“We are extremely grateful to the employees of Morgan Stanley and many other donors for their support in revitalizing the Morgan Stanley Adult Emergency Department and helping us to enhance the crucial emergency medicine care we provide to our patients every day,” said Dr. Steven J. Corwin, president and CEO of NewYork-Presbyterian.

Beginning in 2013, NewYork-Presbyterian broke ground for the renovation and expansion of the Morgan Stanley Adult ED, located at NewYork-Presbyterian/Columbia University Irving Medical Center in the Washington Heights neighborhood of Manhattan. The Morgan Stanley Adult ED was supported by a lead gift of $15 million from Morgan Stanley, a leading global financial services firm, and its employees. In addition, a number of trustees and friends of the hospital have contributed to the project.

“The Morgan Stanley Adult Emergency Department reflects our longstanding commitment to support institutions providing world-class medical care,” said James Gorman, chairman and CEO of Morgan Stanley. “Over the past ten years, our relationship with NewYork-Presbyterian has expanded significantly – first with the opening of the Morgan Stanley Children’s Hospital in 2003, and now with the revitalization of the Adult Emergency Department. We are honored to make these critical investments benefiting our community, our employees and their families.”

Approximately 88,000 emergency patients are treated in the Morgan Stanley Adult ED each year, with 100,000 patient visits expected by the end of 2017. To better serve patients and their families, the renovation project has modernized the prior infrastructure and layout to decrease wait times and improve triage, while offering the most technologically-advanced, efficient and supportive care to emergency patients. The size of the ED doubled from 22,000 square feet to 45,000 square feet and is now equipped with 88 expanded treatment bays as well as medical and technological upgrades.

New features of the ED include Acute Care Treatment Units, offering patients – with the help of state-of-the-art diagnostic and treatment tools – quick emergency intervention to mitigate long-term damage from stroke, cardiac arrest and other acute conditions. Additionally, the Pilar Crespi Robert and Stephen Robert Rapid Medical Evaluation Center offers a new model of emergency care for patients with non-critical conditions. Patients have the opportunity to see a provider within 15 minutes of their arrival through video-conferencing technology, and following evaluation, pain relief and testing, they are able to return home as quickly and safely as possible, without compromising patient care. By February 2018, the hospital expects to care for approximately 1,500 telehealth patients each month.

Frank A. Bennack, Jr., chairman of the Board of Trustees of  NewYork-Presbyterian, attended the ceremony and ribbon cutting and was joined by Dr. Corwin, James Gorman, chairman and CEO of Morgan Stanley, Dr. Joseph Underwood, chief of Emergency Medicine at NewYork-Presbyterian/Columbia University Irving Medical Center, and Dr. Leroy Rabbani, director, cardiac intensive care units and cardiac inpatient service at NewYork-Presbyterian/Columbia University Irving Medical Center, Congressman Adriano Espaillat, Steven Simon, chair, Health & Environment Committee of Community Board 12 – Manhattan, Maria Luna, president of the 33rd Police Pct. Council and member of the NewYork-Presbyterian/Columbia University Irving Medical Center Community Leadership Council, as well as other distinguished guests.


NewYork-Presbyterian is one of the nation’s most comprehensive, integrated academic healthcare delivery systems, whose organizations are dedicated to providing the highest quality, most compassionate care and service to patients in the New York metropolitan area, nationally, and throughout the globe. In collaboration with two renowned medical schools, Weill Cornell Medicine and Columbia University Irving Medical Center, NewYork-Presbyterian is consistently recognized as a leader in medical education, groundbreaking research and innovative, patient-centered clinical care.

NewYork-Presbyterian has four major divisions:

  • NewYork-Presbyterian Hospital is ranked #1 in the New York metropolitan area by U.S. News and World Report and repeatedly named to the Honor Roll of “America’s Best Hospitals.”
  • NewYork-Presbyterian Regional Hospital Network comprises hospitals and other facilities in the New York metropolitan region.
  • NewYork-Presbyterian Physician Services, which connects medical experts with patients in their communities.
  • NewYork-Presbyterian Community and Population Health, encompassing ambulatory care network sites and community healthcare initiatives, including NewYork Quality Care, the Accountable Care Organization jointly established by NewYork-Presbyterian Hospital, Weill Cornell Medicine and Columbia.

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A Legacy of Support from Morgan Stanley

Morgan Stanley has supported NewYork-Presbyterian for more than four decades. In the early 1990s, Morgan Stanley and NewYork-Presbyterian worked together to expand and modernize the hospital’s pediatric intensive care unit, which opened in 1998 and named in honor of the firm. The success of that campaign encouraged Morgan Stanley to accept a challenge to raise $50 million for a new children’s hospital. With the leadership of John Mack, then the chairman and CEO of Morgan Stanley; Peter Karches, its president and chief operating officer at the time; and Morgan Stanley’s senior management team, and the incredible generosity of its employees, Morgan Stanley raised more than $62 million, making possible the Morgan Stanley Children’s Hospital at NewYork-Presbyterian. The 10-story children’s hospital opened its doors in November 2003, just down the block from the site of the new Morgan Stanley Adult Emergency Department.

In addition to offering financial support, Morgan Stanley employees also have served as leaders on the hospital’s board of trustees, dating back to 1973 and continuing to today. Beyond the board of trustees, dozens of employees serve on leadership committees within the hospital.

Media Contact:

Jessica Mikulski 212-821-0560