Future Looks Grim For Charitable Hospitals

Law360, New York (July 11, 2006, 12:00 AM EDT) -- With bankrupt Saint Vincent Catholic Medical Center of New York recently forced to auction off two of its hospitals, experts are predicting that charitable hospitals in general face a bleak and uncertain future.

The beleaguered hospital chain may have found a June buyer for the pair of Queens medical centers but problems and threats of more closures continue to dominate Saint Vincent’s Chapter 11 proceedings.

While Saint Vincent did not file for bankruptcy until last July, the nonprofit hospital group has been struggling since December 2003,...
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