Negative reactions to the Jan. 22 offer by five-hospital Continuum Health Partners from the State Health Department and the board of St. Vincent’s caused Continuum to rescind it, Stan Brezenoff, president of Continuum, wrote in a letter to Henry J. Amoroso, the president and chief executive officer of St. Vincent’s, according to the report.
The financially troubled hospital is carrying $700 million in debt and may face closure if no suitor steps forward. New York Gov. David A. Patterson said he could help the hospital stay afloat for a month but stopped short of promising long-term support. In his letter, Mr. Brezenoff indicated he was willing to restart negotiations if St. Vincent’s approached Continuum on his terms, according to the Times.
Read The New York Times’ story on St. Vincent’s.
