And now we know why they shut down. A group of former St. Vincent's employees filed a lawsuit today claiming the hospital lied about their debt because higher-ups were spending millions on themselves. The hospital allegedly spent $104 million on "other" costs, including a $278,000 golf trip. Attorney Thomas D. Shanahan told NY1, "The public deserves better than to hear a hospital was 'bankrupt' under a crushing $1 billion debt, when it seems they had substantial public monies coming in and that the hospital was mismanaged." St. Vincent's hospital closed in April, citing $1 billion in debt. About 3,500 people lost their jobs.
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2025. Donate today