Parkway Hospital, New York, filed for Chapter 11 bankruptcy protection, reporting assets of $29 million against liabilities of $29 million. Officials said 251-bed Parkway would remain open and was in the process of obtaining approximately $15 million in financing to fund operations during the reorganization. Parkway's largest unsecured creditor is the health and benefits funds of Service Employees International Union Local 1199, which represents about 600 Parkway employees. Union officials said in a statement that they were continuing discussions with Parkway and hopeful the hospital would "be able to make whole on (its) arrears to pay for workers' benefits." Parkway is the second New York hospital company to seek bankruptcy protection this week. Seven-hospital St. Vincent Catholic Medical Centers, New York, filed for Chapter 11 Tuesday, with $1.1 billion in debt and $971 million in assets -- by Cinda Becker
N.Y. hospital files for bankruptcy protection
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