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N.Y. Governor: St. Vincent's Hospital to Get $6 Million in Loans
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Abstract
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| The state and secured creditors will give St. Vincent’s Hospital in Manhattan another $6 million as it seeks to prevent bankruptcy or closure, Gov. David Paterson said Sunday. The 160-year-old hospital operates major HIV/AIDS and trauma centers, and is more than $700 million in debt. Paterson said the goal of the loan package is to keep St. Vincent’s afloat while stakeholders work on plans for its long-term financial sustainability. The assistance, $3 million from the state and a $3 million match from GE Capital and TD Bank, will help keep St. Vincent’s open until the end of the month, said Paterson.
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Subjects
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Financial Issues
Funding
Hospitals
State Government Agencies
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Disclaimer: NPIN provides this information as a public service only. The views and information provided about the materials, news, funding opportunities, organizations, and conferences do not necessarily state or reflect those of the U.S. Department of Health and Human Services, CDC, or NPIN.
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cdcnpin.org News Record #54718
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