Whatever happened to Cabrini? Another ill fated Manhattan hospital

The Cabrini Medical Center was once a pretty well respected place in Lower East Midtown and I noticed in recent years that it looks abandoned. I always wanted to know what the story is ( we have seen what happened to that neighborhood insitution, St. Vincent's, in the Village ( posting for Wednesday, July 10)...

Well, here is the sorry story...says a lot about what hospitals are up against these days...

From Wikipedia, the free encyclopedia

Jump to: navigation, search

Cabrini Medical Center
Shown in New York City
Geography
Location	227 East 19th St, New York City, New York, United States
Coordinates	40.736296°N 73.983768°WCoordinates: 40.736296°N 73.983768°W
History
Founded	1973
Closed	2008
Links
Website	http://www.cabrininy.org/
Lists	Hospitals in New York

Cabrini Medical Center of New York City was created in the late 20th century by a merger of two Manhattan hospitals. It closed in 2008 due to financial difficulties.
In January 2010, the five buildings formerly housing the medical center were purchased by Memorial Sloan-Kettering Cancer Center for $83.1 million,^[1] with plans to open an outpatient cancer facility.^[2]

Columbus Hospital

Columbus Hospital was founded in 1892,^[3] incorporated in 1895,^[3] and officially opened on March 18, 1896^[4] by a mission of the Institute of the Missionary Sisters of the Sacred Heart of Jesus to address the needs of Italian immigrants.

The founding group included the (now canonized) Mother Frances Xavier Cabrini^[5] and among the first physicians of the hospital was George Frederick Shrady, Sr..^[4]
The original address of the hospital was 226 and 228 East 20th Street which had a capacity of 125 beds in 1886.^[3] In 1913 it was moved to more adequate quarters vacated by the New York Polyclinic Hospital at 214-218 East 34th Street.^[6]

Italian Hospital and merger

Italian Hospital was founded in 1937 by the Italian Hospital Society with the assets of and at the West 110th Street location of the defunct Parkway Hospital.^[7]

In July 1973 Columbus Hospital and Italian Hospital merged.^[7] The combined organization took the name Cabrini Medical Center, after Mother Cabrini, and was located at East 19th Street between Second and Third Avenues near Gramercy Park.^[5]

Financial difficulties and discontinuation of services

The hospital was closed on March 16, 2008 due to financial difficulties.^[8] As of April 2008 the Cabrini Medical Center web site reported "As of March 14, 2008, many of the services at Cabrini Medical Center are no longer available. ... The Emergency Department, acute inpatient units and most outpatient services are closed."

On July 10, 2009, Cabrini Medical Center filed for Chapter 11 Bankruptcy citing net assets of $46 million and liabilities of $167 million. Their top five secured creditors were the mortgage holder Sun Life Assurance Company of Canada ($35.1 million); Missionary Sisters of the Sacred Heart in Chicago ($33 million); the New York branch of the Missionary Sisters ($18.7 million); 1199 Service Employees International Union (SEIU) National Benefits Fund ($5.1 million); and an affiliate of Saint Vincent's Catholic Medical Centers (SVCMC), which had loaned Cabrini $4 million. The largest unsecured creditors were Consolidated Edison ($4.2 million); St. Vincent’s ($3.2 million); Dormitory Authority of the State of New York (DASNY) ($2.6 million). It owed a $828,000 health facility assessment tax to New York State, $418,000 in fees to the New York State Department of Health, $412,000 in dues to The Healthcare Association of New York State (HANYS),^[9] and $308,000 to Mount Sinai Hospital.^[10]

Medical staff residency training records and verification have become available through the Federation Credentials Verification Service (FCVS)^[11] Closed Residency program records.^[12]

The main entrance in April 2010, two years after the hospital closed.