Governor Bails Out St. Vincent's Hospital

  ST. VINCENT’S EXPANSION  
  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.