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$1B bankruptcy looms for St. Vincent's


By Crain's New York Business
Posted: April 13, 2010 - 12:01 am ET
Tags:

St. Vincent's Hospital has filed a proposed closure plan with the New York State Department of Health. If state officials accept the plan, St. Vincent's will likely file for bankruptcy tomorrow if not earlier, according to a source that has been briefed on the plans by hospital management. The Chapter 11 filing has been expected for several weeks, even before it was clear St. Vincent's had to close and lay off thousands for workers.

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