New York’s Mount Sinai Scoping Out St. Vincent’s

Financially ailing St. Vincent’s Hospital Manhattan may have found a potential suitor in New York’s Mount Sinai Medical Center, St. Vincent’s officials told The New York Times.

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Representatives from Mount Sinai, an academic medical center on New York’s upper east side, have visited the Greenwich Village hospital in recent weeks, the Times reported.

Kenneth Davis, MD, president and CEO of Mount Sinai, visited with St. Vincent’s medical staff recently, but no deal has been finalized, according to the story. He told physicians that if a deal is struck, Mount Sinai would likely bring back St. Vincent’s medical residency program, which the hospital has been phasing out.

St. Vincent’s, meanwhile, has signed letters of intent to divest two nursing homes to help reduce its $700 million debt and shore up its finances, according to the Times.

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

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