From the NY Times:
Two Queens hospitals are facing bankruptcy and may close by February, the Queens borough president said Tuesday, in one of the first indications that New York State’s budget shortfall is hurting the hospital industry.
The two private hospitals, St. John’s Queens and Mary Immaculate, had sometimes been given millions of dollars in state subsidies just to meet their payrolls, according to other hospital officials who have been briefed on the matter. But with the state facing a $15 billion budget gap, the state was less likely to help hospitals that had limited long-term viability.
Helen M. Marshall, the Queens borough president, said in her State of the Borough speech Tuesday that she was “extremely concerned today about the stability” of the two hospitals. Her spokesman, Dan Andrews, said later that Ms. Marshall had learned from officials at Caritas, which runs the two hospitals, that St. John’s and Mary Immaculate could file for bankruptcy this month and could close by next month. He said she has appealed to the governor’s office for help, and chose to mention the hospitals in her speech just hours before delivering it.
2 Hospitals in Queens May Face Bankruptcy
Both of these are in or near areas that were recently upzoned. More people, fewer hospital beds. Awesome. Let's put luxury condos in their place.
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