St. Mary-Corwin Medical Center in Pueblo, Colo., part of Centennial, Colo.-based Centura Health, plans to lay off 272 employees, or about 34 percent of its 800-person workforce, according to The Denver Post.
Here are three things to know.
1. The job cuts will begin March 15 and be completed by Sept. 30, according to a Worker Adjustment and Retraining Notification Act notice filed with the state.
2. In addition to the layoffs, St. Mary-Corwin Medical Center will close its medical and surgical floor. Those services will be available on a smaller scale. The hospital will also scale back its telemetry and intensive care unit.
3. St. Mary-Corwin CEO Mike Cafasso said at a press conference Thursday the hospital's finances are not sustainable. To improve its financial position, the hospital is focusing on programs it can grow, such as cancer care and orthopedics.
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