Things are still not looking great for St. Vincent’s Hospital in lower Manhattan. The facility, which has served major gay populations in Greenwich Village, NY for decades, is facing bankruptcy.
Carrying over $700 million in debt, Gov. David Paterson says he has only been able to secure enough through state loans to keep the hospital afloat for the next month, and that is with finding some help from creditors.
The long-term prospects are still unclear for the major AIDS and trauma center that has served Greenwich Village for more than 160 years. It’s looking for a partner to prevent closure. Continuum Health Partners had expressed interest, but rescinded its offer last week after its plan to shut St. Vincent’s emergency room and inpatient units triggered opposition.
A Continuum spokesman said the company stepped back to allow a state task force and hospital officials to find the best solution.