Hospital leaders report the hospital has only 18 to 20 days cash-on-hand and needs $10 million to $30 million to keep its doors open.
Interfaith is hoping for a three-way merger with Brooklyn Hospital Center and Wyckoff Heights Medical Center, also in Brooklyn. Last year, a state panel recommended integrating the three hospitals to shore up the finances of Wyckoff and Interfaith, both of which have struggled to maintain operations. However, Wyckoff has rejected the merger, saying it doesn’t want to give up its control to Brooklyn Hospital.
Interfaith’s chairman of the board Nathan M. Barotz has blamed Wyckoff for putting off the merger, which would help Interfaith become more stable. The hospital hopes to receive state funding to keep it operational until a deal can be “reconfigured,” according to the report.
More Articles on Interfaith Medical Center:
Brooklyn Hospital Applies for Grant to Fund Three-Hospital Merger; Wyckoff Heights Unaware of Inclusion
Two Wyckoff Heights Medical Center Trustees Resign Over Possible Merger
N.Y. Governor Appoints Work Group to Save Struggling Brooklyn Hospitals
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