New York-Presbyterian Hospital To Take Over Debt of New York Downtown Hospital Located Near the Financial District
Posted Jan 30 2013 1:08am
We are still seeing hospitals without enough money and here’s yet one more that has already been affiliated with NY Presbyterian and this cements it. The state has not been interested in bailing out hospitals for the most part and due to it’s location it responds to many emergencies, like the 911 attacks and a few more. This is hospital with a high percentage of Medicaid patients as well as uninsured. This is right in the Wall Street district but you don’t see any banks helping out here at all. Greed is still alive. BD
Manhattan’s only remaining hospital south of 14th Street, New York Downtown, has found a white knight willing to take over its debt and return it to good health, hospital officials said Monday.
NewYork-Presbyterian Hospital, one of New York City’s largest academic medical centers, has proposed to take over New York Downtown in a “certificate of need” filed with the State Health Department. The three-page proposal argues that though New York Downtown is projected to have a significant operating loss in 2013, it is vital to Lower Manhattan, including Wall Street, Chinatown and the Lower East Side, especially since the closing of St. Vincent’s Hospital after it declared bankruptcy in 2010.