Gov: No partner in sight for troubled St. Vincent's

The News Leader

April 1, 2010 1:57:37 PM PDT
Gov. David Paterson says he doesn't see any partner for beleaguered St. Vincent's Hospital in New York City. Paterson issued the statement Thursday after St. Vincent's Hospital Manhattan announced that Mount Sinai Medical Center decided against a partnership with it. The downtown hospital said in a statement its board would evaluate its options moving forward.

Paterson said the state would continue to work with the hospital "until every viable avenue is exhausted."

St. Vincent's Hospital Manhattan has been a West Village institution for 160 years, but is now in desperate financial straights.

The hospital is $700 million in debt. Recently it has needed state loans to meet payroll.