North General to file for Chapter 11

TRD New York /
Jun.June 28, 2010 12:30 PM

Harlem’s North General Hospital is filing for Chapter 11 bankruptcy, after struggling financially for months, Crain’s reported. It will cease to function as an acute care hospital and will instead offer expanded primary care services, while the main hospital building will be converted into a skilled nursing facility. The hospital, at 1879 Madison Avenue, will begin to wind down operations on or before Friday. Neighboring hospitals, including Mount Sinai Medical Center, St. Luke’s-Roosevelt Hospital, New York-Presbyterian, and the New York City Health & Hospital Corporation’s Harlem and Metropolitan hospitals,
are expected to serve the needs of the community, where more than a quarter of the low-income residents reported that they do not have a primary care doctor. Filing for bankruptcy will facilitate the transfer of the various hospital properties to the new health care providers, an arrangement arrived at by the Paterson administration following months of sensitive political negotiations, since they did not want to see another hospital fail so soon after the closing of St. Vincent’s. [Crain’s]

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
City Planning commissioner Marisa Lago and Governors Island (Getty)

Governors Island rezoning process is underway

Governors Island rezoning process is underway
Stuart Elliott

Editor’s note: An urban identity crisis

Editor’s note: An urban identity crisis
198 Washington Park in Fort Greene (Photos via Compass)

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week
(iStock)

Black homeowners pay $13K more for home loans: study

Black homeowners pay $13K more for home loans: study
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...