A hospital that serves Crown Heights and Bed Stuy, Interfaith Medical Center at 1545 Atlantic Avenue, plans to declare bankruptcy this week, said The New York Times. The hospital may be forced to close or merge with another, according to the story. In letters to state officials, the chairman of Interfaith’s board of trustees, Nathan M. Barotz, said cuts in Medicaid rates in 2010 wiped out 40 percent of Interfaith’s inpatient revenue and led to its current financial crisis. The hospital employs 1,516 people full time, many of whom live in central Brooklyn, said the story.
Interfaith Medical Center Plans to Declare Bankruptcy [NY Times]
Photo by Christopher Bride for PropertyShark
Voorhies Tower to Have Gated Entrance, $700K One-BRs, No Affordable [Sheepshead Bites] Old-Timer Tony’s Pizzeria Is Organizing “Movies in the Park” [Bushwick Daily] Cornerspotted: Coney…
The Crown Heights North 7th Annual House Tour takes place this Saturday. Highlights include the Bedford Central Church on Nostrand and…
Brooklyn, one building at a time. Name: Brooklyn Music School Address: 126 St. Felix Street Cross Streets: Lafayette Avenue and…
After only a year in business, it looks like Cafe Allegria has closed its doors at 547 St Marks Avenue…
On the face of it, $779,000 is a nice price for a one-family townhouse in move-in condition in Bay Ridge….