NY Governor: St. Vincent's Getting Additional Money To Make Payroll
(New York, NY) -- Saint Vincent's Hospital in Manhattan continues to get more money in loans in an effort to stave off bankruptcy. New York Governor David Paterson has announced the Greenwich Village hospital will receive an additional six-million dollars in loans to make payroll and keep the hospital going while officials try to come up with a plan to keep the hospital open. The 160-year-old facility is 700-million dollars in debt. A plan for Continuum Health Partners to buy the hospital, take on its debt, and eventually close the hospital and turn it into a health care facility was widely panned by hospital staff and New York City officials and was eventually dropped. The new loan is expected to help St. Vincent's remain open until the end of February. |