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NEW YORK (AP) - New York City’s St. Vincent’s Hospital is a step closer to selling its Westchester County-based behavioral health operations.
A bankruptcy court approved a $38 million deal on Thursday that allows it to complete the sale with St. Joseph’s Medical Center in Yonkers.
The city’s last Catholic-affiliated hospital filed for bankruptcy before closing in April, citing a debt topping $1 billion dollars.
St. Vincent’s chief restructuring officer Mark Toney says the hospital is happy it will be able to save programs that offer mental health and substance abuse treatment.
St. Joseph’s hospital says it hopes to have the transition completed by next month.
A number of state agencies must still sign off on the deal.
(Copyright 2010 by The Associated Press. All Rights Reserved.)