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St. Vincent's Gets State Bail Out; Sloan Kettering Gets New Buildings
By
Sabrina Jaszi
Published Feb 2, 2010
Modified Feb 2, 2010
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By
Sabrina Jaszi
Published Feb 2, 2010
Modified Feb 2, 2010
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St. Vincent's, the money-sick Greenwich Village hospital whose looming closure has had the neighborhood up in arms, may get some medicine from the state of New York. According to NY1, Gov. David Paterson is authorizing $6 million in funds, directed from a state-supervised hospital restructuring program. "This is a dire situation, but I don't want to see this hospital close unless every available means has been employed," he said. The mini-bail out is a good start, but still just a drop in the ocean of St. Vincent's $700 million debt.
One knowledgeable official told the Daily News that the loan "should last them long enough so they can make a decision about whether to file for bankruptcy." Local politicians still don't like a bid from Continuum Health Partners to take over the facility's debt and convert it to community health center. In doing so, Continuum would get rid of inpatient care and surgical services and greatly reduce emergency services, which have historically been used by many homeless and uninsured New Yorkers.
In other hospital news, Memorial Sloan Kettering Cancer Center has won at auction five buildings that once housed the Cabrini Medical Center. Their offer for the 450,000 square feet property, bounded by E. 19th and 20th streets and Second and Third avenues, was $83.1 million reports the NY Observer.
Tagged
continuum health partners
debt
emergecny room
gov. david paterson
greenwich village
homeless
st vincent's
takeover
uninsured
Sabrina Jaszi
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