St. Vincent’s lost $80 million last year and earlier this week received an $8 million loan from the state and a creditor just to meet its current payroll, according to the report. The hospital is carrying $700 million in debt and has been looking for a partner to stave off a bankruptcy filing or closure. So far, Continuum Health Partners has been the only prospective suitor to come forward. Continuum has proposed closing down the hospital’s inpatient service and emergency room and turning it into an outpatient center, a plan that neighborhood groups have opposed.
The governor did not make any long-term promises for the hospital, saying only that he was forming a task force to examine how the community’s healthcare needs might be met most efficiently, according to The New York Times.
Read The New York Times’ report about St. Vincent’s Hospital Manhattan.
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