St. Vincent Catholic Medical Centers, New York, will shut down 269-bed St. Mary's Hospital of Brooklyn after negotiations to transfer the money-losing operation to Kingsbrook Healthcare System in Brooklyn collapsed. Officials said the closure could be completed by Sept. 1. Kingsbrook backed away from a full transfer when it became clear St. Mary's would need at least $10 million annually for operating losses and capital requirements, St. Vincent officials said in a news release. Discussions continue regarding the transfer of ambulatory services. Over the past three years, St. Mary's has required $62 million from St. Vincent to cover operating losses and capital needs, officials said. In the first four months of 2005, the hospital lost an estimated $3.6 million on operations. -- by Cinda Becker
N.Y. system to close struggling Brooklyn hospital
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