Saved again: $7.5 million released to Interfaith Medical Center in Brooklyn
Unions: ‘We dodged a bullet’
A financial lifeline was thrown to ailing Interfaith Medical Center in U.S. Bankruptcy Court on Monday, when the court approved $7.5 million in funds that will keep the Bedford-Stuyvesant hospital in full operation through mid-February.
Interfaith, on the brink of closing, will receive immediate access to $3.5 million, promised previously but withheld by the state, along with another $4 million in Vital Access Provider (VAP) funds.
According to NYSNA and 1199, “another $10 million is on the table if parties can agree to terms” by February 10.
“Today was a crucial day in the fight to save Brooklyn healthcare. We dodged a bullet that could have meant the end of Interfaith and now we’re looking forward to working on a long-term, sustainable, and viable solution to critical patient-care services,” the unions said.