St. Vincent's - Mt. Sinai Deal Falls Through

Friday, April 02, 2010

St. Vincent’s Medical Center of New York and Mount Sinai Medical Center are no longer in merger talks. A deal was all but killed yesterday when Mt. Sinai said it wouldn't acquire St. Vincent’s inpatient services.

 "Now we have to go and try to attract other suitors for the facility," New York State Senator Tom Duane, who heads a task force to keep St. Vincent’s going, said.

The prospective partnership with Mt. Sinai is the second deal to fall through. In February, talks broke down with Continuum Health Partners, which owns Beth Israel and St. Luke’s-Roosevelt Hospital. Both times, the issues were the same: St. Vincent’s owes creditors some $700 million, and its operations don't support the large amount of charity care the hospital provides to low-income patients and the uninsured.


More in:

The WQXR e-newsletter. Show highlights, links to music news, on-demand concerts, events from The Greene Space and more.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Follow WQXR