St. Vincent’s Hospital Manhattan Selling Real Estate in Wake of Bankruptcy

St. Vincent’s Hospital Manhattan is preparing to put on the market an 180,000-square-foot building at 555 Avenue of the Americas, less than two weeks after filing for bankruptcy protection, according to a report in The New York Times.

Advertisement

The property, known as Staff House, has 178 apartments, a 90-car garage, and storefront space on the avenue, according to the report.

St. Vincent’s already has a contract from Taconic Investment Partners, which has offered to buy the building for $48 million, according to the Times.

Read The New York Times‘ story on St. Vincent’s Hospital Manhattan.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Capital

Advertisement

Comments are closed.