St. Vincent’s Board Balloted to Shut Down Operations

.

St. Vincent’s Board Balloted to Shut Down Operations

St. Vincent's Catholic Medical Center, which has been operational for 160 years, is on the verge of being closed as its board has opted for the closure of its severe care centers.

The board voted for the closure of its commanding hospital in Greenwich Village due to the increasing pressure of debt and the reported loss of millions of dollars. The flagship hospital is on the verge of bankruptcy. The hospital authorities have made sincere and significant efforts to find out a partner or a new proprietor but all the efforts have failed so far.

The process of shutting down the operations of the hospital has already been started and gradually it will lead to a complete shutdown. The precise timing for the closure of the medical facility has not been clear so far and it is expected that the State Department of Health will be stressing the issue of orderly guidelines to close the hospital.

The pending surgeries have been scheduled to be wrapped up by April 14.

Government official David Paterson said that the Government has already infused an emergency loan of around $9 million to maintain its operations and for the continuation of services but it has not proved worthwhile.

St. Vincent's is an esteemed hospital which was looked upon for its high – quality emergency care.


Latest News

Google Misses Q4 Analysts’ Expectations
Is Greece Leaving the Euro? The Question Still Remains
Taking Recommendations from Report, Uber will Implement Steps to Improve privacy
Shake Shack’s IPO Brings Danny Meyer $342M on the First Day of Trading
Depending on Regulatory Approvals, Ferrari CEO Expects to Conclude IPO, Spin- of
Facebook’s Revenues Surpass Expectations
Fed Has Bright View of a Strengthening U.S Economy But Will be ‘Patient’ with In
Don Thompson  to Retire From the Post of  McDonald’s chief executive
Consumers Confidence Grows but Businesses are Worried
CEO says The Present Year is one of Transition for AT&T Inc.
The Federal Reserve Meets for two Days: Likely to Stick to Initial Plans of Incr
New Areas to be Opened Off the East Coast for Oil Exploration