From the NY Post:
A rival, powerhouse medical group has proposed taking over and shuttering the 160-year-old St. Vincent's Medical Center in Greenwich Village, which would spell the end of the city's only remaining Catholic hospital, The Post has learned.
Continuum Health Partners -- which operates Beth Israel, St. Luke's and Roosevelt hospitals in Manhattan -- has submitted a plan to assume control of the financially struggling, 727-bed St. Vincent's, sources said.
The new corporate operator would "close all acute care" units -- such as inpatient beds and surgical services -- within 60 to 90 days, according to a source involved in the discussions.
The proposal has real muscle behind it.
Two holders of a combined $300 million St. Vincent's debt -- GE Capital and TD Bank -- support the Continuum takeover with the tacit approval of the state, sources said.
State Health Commissioner Richard Daines previously served as CEO of Continuum's St. Luke's Hospital. Under the plan, St. Vincent's would be converted from a hospital to a community health center with Continuum in charge, sources said.
Patients eventually would be rerouted to other city hospitals for surgical and in-patient care.