WESTCHESTER, NY-Greenwich-based St. Vincent Catholic Medical Centers has received approval from a US bankruptcy court to sell its behavioral health operations based in Westchester County to Yonkers-based St. Joseph's Medical Center for $38 million.
The hospital has been under auction following the mounting debt, which was at least $700 million in April 2010, and marketed many of its programs and properties in recent months. The state's Department of Health and Office for Mental Health are some of the properties that still need to sell off. For the full story, go to Wall Street Journal.
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