Bed Stuy Hospital to Declare Bankruptcy

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]
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