Finance
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

The decline of St. Vincent's Hospital Manhattan

New York Times, February 3, 2010

For more than 150 years, St. Vincent’s Hospital Manhattan has been a beacon in Greenwich Village, but today the hospital is struggling, the New York Times reports. Last week, a chain of hospitals proposed to take over St. Vincent's, shut down its inpatient beds and most of its emergency room services, and convert it into an outpatient center tied to other New York City hospitals. New York Gov. David A. Paterson’s office has announced the state was extending a $6 million emergency loan to help St. Vincent's meet its payroll, an indication of how dire its finances had become, the Times reports.