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Two hospitals in Queens may face bankruptcy

New York Times, January 14, 2009

Two Queens, NY, hospitals are facing bankruptcy and may close by February, the Queens borough president announced. The two private hospitals, St. John's Queens and Mary Immaculate, had sometimes been given millions of dollars in state subsidies just to meet their payrolls, according to other hospital officials. But with the state facing a $15 billion budget gap, the state was less likely to help hospitals that had limited long-term viability.