Governor Bails Out St. Vincent's Hospital
ST. VINCENT’S EXPANSION
MANHATTAN COMMUNITY DISTRICT 02
MANHATTAN COMMUNITY DISTRICT 02
February 8, 2010
The New York Times
Governor Paterson, along with creditors, decided to extend a combined $6 million loan to St. Vincent's Hospital. Additionally, the hospital received a loan last week from the state, GE capital and TD Bank, totaling $8 million. This line of credit is designed to meet meet payroll and supply expenses. St. Vincent's Hospital is currently $700 million in debt.

