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New York governor gives St. Vincent's Hospital another loan

New York Times, February 8, 2010

New York Gov. David A. Paterson provided the second cash infusion in a week Feb. 7 to St. Vincent's Hospital Manhattan , but said concessions from unions and physicians would be needed to keep the hospital open. The governor said that after "hours of intensive discussions and calls between all parties" the state had agreed to put up $3 million and creditors another $3 million to keep the hospital going temporarily. The 160-year-old hospital is $700 million in debt and has stopped accepting new outpatients to its HIV and community health programs because it may be forced to close, the New York Times reports.