Interfaith Medical Services files for bankruptcy

Interfaith Medical Center files for bankruptcy

Interfaith Medical Center files for bankruptcy

BED-STUY - Interfaith Medical Center has filed for Chapter 11 bankruptcy.
Interfaith officials said they had no choice but to file for bankruptcy due to economic troubles. The hospital serves about 250,000 patients a year and has a staff of 1,500.
Hospital officials say most of their patients rely on Medicaid. When state officials cut Medicaid reimbursements by 40 percent in 2010, the hospital's debt grew.
There are no plans to close the hospital or change services. Interfaith officials say they are coming up with ways to pay off the debt.

advertisement | advertise on News 12

Trending Video

At least six people have been arrested and 1 Six arrested, 4 more sought in Coney Island gang assault video
Residents are concerned about the safety of items 2 The Buzz: Safety concerns in wake of 8-year-old boy's death
In honor of National Superhero Day, News 12 3 Word on the Street: Superheroes
A falling concrete planter struck and killed an 4 Child dies after being hit in head by concrete planter
Kevin Reilly, 8, died after a heavy planter 5 Vigil remembers 8-year-old killed by fallen planter box

advertisement | advertise on News 12


Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.