Philanthropy News Report

Provided as a service of Bentz Whaley Flessner

Tuesday, February 2, 2010

Offer to Take Over Ailing Hospital Stirs Outcry

Nonprofit Continuum Health Partners, one of New York's largest hospital systems, has made an offer to take over the financially ailing St. Vincent's hospital, the city's last Catholic general hospital, and turn it into an outpatient center. St. Vincent's has been losing millions of dollars a month and is facing a possible second bankruptcy three years after emerging from its first. The Greenwich Village hospital gained iconic status in the aftermath of the September 11, 2001, terror attacks, when it became a gathering place for people searching for loved ones.
Full text article by Anemona Hartocollis is available via The New York Times, 1/26/10.

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