HAS ST. VINCENTS, NYC ALREADY DECIDED TO CLOSE?

BLACKSWAN Real Estate has learned from a reliable source that an offer in the “tens of million of dollars”  to purchase a non-essential building owned by St. Vincents was recently submitted to the Grant Thornton restructuring team currently managing the crisis. Furthermore, BLACKSWAN learned that the property in question in lower Manhattan had been marketed for sale many months previously thus the decision to dispose of this holding had already been made by the St. Vincents management.

The curious part of this story as detailed by our source is that the Grant Thornton parties haven’t responded with a return call in the midst of the important institution’s financial death spiral.

Have they already determined the hospital is beyond salvation while not informing the community? Has a separate arrangement with Continuum been agreed privately waiting for the public relations furor to dissipate?

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