After months of financial uncertainty, St. Vincent’s Hospital Manhattan filed a petition for Chapter 11 bankruptcy protection in Federal District Court in Manhattan, according to a report in The New York Times.
The filing showed liabilities of more than $1 billion, according to the report.
The hospital said the filing would allow it to continue seeing patients as it closes.
Read The New York Times‘ report on St. Vincent Hospital Manhattan‘s bankruptcy filing.
Presenters: Frank Stevens, StrataJosh Wiggins, Strata
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