From the NY Post:
At least six of the city’s private hospitals are on life support and could be candidates for retrenchment or even closure, shocking financial records show.
The cash-strapped hospitals include Brookdale, Wyckoff Heights and Interfaith in Brooklyn, Westchester Square in The Bronx and Jamaica and Flushing in Queens.
The troubling deficits and crushing debt were spelled out by the hospitals’ own financial reports filed over the past two years with the state government.
Each of the hospitals’ accountants had warned, “These factors raise substantial doubt about the medical center’s ability to continue as a going concern.”
All the hospitals are considered “safety net” facilities that serve mostly poor, medically underserved neighborhoods.
* Jamaica Hospital had a deficit of $72.18 million in 2009. The Queens facility was “delinquent” in making contributions to union-worker benefit plans.
Despite its woes, Jamaica has agreed to provide one-year severance pay to all its vice presidents and senior managers if there’s a shakeup.
* Flushing Hospital had a deficit of $35.45 million in 2009. It had previously filed for bankruptcy protection in 1998.
Jamaica, Flushing and Brookdale are part of the MediSys Health Network.
Eight city hospitals have closed since 2007.