St. Vincent's Hospital Catholic last in NYC, to close

8: 58April 7, 2010.

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Injured firefighter moved to the emergency room in St. Vincent's Hospital in Manhattan, Sept. 13, 2001 (Stephen Czernin/AP)

Injured firefighter moved to the emergency room in St. Vincent's Hospital in Manhattan, Sept. 13, 2001 (Stephen Czernin/AP)

Injured firefighter moved to the emergency room in St. Vincent's Hospital in Manhattan, Sept. 13, 2001 (Stephen Czernin/AP)

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Author: Scott Hensley

St. Vincent's Hospital in Manhattan, the last Catholic full-service hospital in New York, closes after years of financial losses and mounting debt.

KVH's Hospital voted Tuesday night on shutter St. Vincent which service, but will continue to offer outpatient care, including HIV/AIDS Center, while looking for a partner to maintain their startup reported WNYC. Mention surgeries stops on 14 April.

Hospital, anchorage in Greenwich Village, was founded by four nuns in 1849 in the treatment of cholera victims and provide charity care for the poor. Recently St. Vincent was in the front lines appeared AIDS and its Department of emergency medicine served as casualties from Sept. attack on the World Trade Center.

The hospital has amassed around 700 million USD in debt and defaulted on bankruptcy reorganization plan when it missed payments to the Trust Fund to cover the costs of medical Victoria, in accordance with WNYC.

"Eight separate budget cuts from New York State in the past two years and the worst recession in decades are linked to St. Vincent's with some serious financial challenges," said Henry j. Amoroso, CEO of St. Vincent 's, Crain's New York Business reported in February.

Beleaguered hospital to seek protection under Chapter 11 in 2005, emerging from bankruptcy two years later.

Financial strain and St. Vincent inability to find partner threatened to push the hospital to bankruptcy again. Money running and no solution in sight to the Board's Hospital decided to close the facility.

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