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

Twitter Facebook LinkedIn RSS

St. Vincent's Hospital Manhattan files for bankruptcy

New York Times, April 15, 2010

St. Vincent's Hospital Manhattan filed its long-expected petition for bankruptcy, indicating that its largest unsecured creditor was a federal pension insurance agency. The petition for Chapter 11 bankruptcy, filed in Federal District Court in Manhattan, showed liabilities of more than $1 billion. The hospital said the bankruptcy filing would allow it to continue caring for patients as it closes, the New York Times reports.