Cabrini Medical Center
Encyclopedia
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, with plans to open an outpatient cancer facility.
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
and among the first physicians of the hospital was George Frederick Shrady, Sr..
The original address of the hospital was 226 and 228 East 20th Street which had a capacity of 125 beds in 1886. In 1913 it was moved to more adequate quarters vacated by the New York Polyclinic Hospital at 214-218 East 34th Street.
In July 1973 Columbus Hospital and Italian Hospital merged. 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
.
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 Center
s (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), and $308,000 to Mount Sinai Hospital
.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
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
Memorial Sloan-Kettering Cancer Center
Memorial Sloan–Kettering Cancer Center is a cancer treatment and research institution founded in 1884 as the New York Cancer Hospital...
for $83.1 million, with plans to open an outpatient cancer facility.
Columbus Hospital
Columbus Hospital was founded in 1892, incorporated in 1895, and officially opened on March 18, 1896 by a missionMission (Christian)
Christian missionary activities often involve sending individuals and groups , to foreign countries and to places in their own homeland. This has frequently involved not only evangelization , but also humanitarian work, especially among the poor and disadvantaged...
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
Mother Cabrini
Saint Francesca Xavier Cabrini, M.S.C., , also called Mother Cabrini, was the first citizen of the United States to be canonized by the Roman Catholic Church.-Early life:...
and among the first physicians of the hospital was George Frederick Shrady, Sr..
The original address of the hospital was 226 and 228 East 20th Street which had a capacity of 125 beds in 1886. In 1913 it was moved to more adequate quarters vacated by the New York Polyclinic Hospital at 214-218 East 34th Street.
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.In July 1973 Columbus Hospital and Italian Hospital merged. The combined organization took the name Cabrini Medical Center, after Mother Cabrini
Mother Cabrini
Saint Francesca Xavier Cabrini, M.S.C., , also called Mother Cabrini, was the first citizen of the United States to be canonized by the Roman Catholic Church.-Early life:...
, and was located at East 19th Street between Second and Third Avenues near Gramercy Park
Gramercy Park
Gramercy Park is a small, fenced-in private park in the borough of Manhattan in New York City, United States. The park is at the core of both the neighborhood referred to as either Gramercy or Gramercy Park and the Gramercy Park Historic District...
.
Financial difficulties and discontinuation of services
The hospital was closed on March 16, 2008 due to financial difficulties. 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
Sun Life Financial
Sun Life Financial Inc. is an international financial services company known primarily as a life insurance company. Based in Toronto, Canada, Sun Life and its partners provide insurance, retirement and investment solutions for individuals and businesses around the world including Canada, the United...
of Canada ($35.1 million); Missionary Sisters of the Sacred Heart
Missionary Sisters of the Sacred Heart
The Missionary Sisters of the Sacred Heart is a Roman Catholic order, founded on 25 March 1900 in Germany by a Dutch MSC, Fr. Hubert Linckens. It is a member of the Chevalier Family....
in Chicago ($33 million); the New York branch of the Missionary Sisters ($18.7 million); 1199 Service Employees International Union
Service Employees International Union
Service Employees International Union is a labor union representing about 1.8 million workers in over 100 occupations in the United States , and Canada...
(SEIU) National Benefits Fund ($5.1 million); and an affiliate of Saint Vincent's Catholic Medical Center
Saint Vincent's Catholic Medical Center
Saint Vincent Catholic Medical Centers ' was a healthcare system, anchored by its flagship hospital, St. Vincent's Hospital Manhattan, locally referred to as "St. Vincent's". St. Vincent's was founded in 1849 and closed in 2010...
s (SVCMC), which had loaned Cabrini $4 million. The largest unsecured creditors were Consolidated Edison
Consolidated Edison
Consolidated Edison, Inc. is one of the largest investor-owned energy companies in the United States, with approximately $14 billion in annual revenues and $36 billion in assets...
($4.2 million); St. Vincent’s ($3.2 million); Dormitory Authority of the State of New York
Dormitory Authority of the State of New York
The Dormitory Authority of the State of New York provides construction, financing, and allied services which serve the public good of New York State...
(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
New York State Department of Health
The New York State Department of Health, ', is the governmental body responsible for public health in the state of New York. The cabinet-level department is headed by the Health Commissioner, a position held since January 24, 2011 by Nirav R. Shah, M.D., M.P.H.....
, $412,000 in dues to The Healthcare Association of New York State (HANYS), and $308,000 to Mount Sinai Hospital
Mount Sinai Hospital, New York
Mount Sinai Hospital, founded in 1852, is one of the oldest and largest teaching hospitals in the United States. In 2011-2012, Mount Sinai Hospital was ranked as one of America's best hospitals by U.S...
.