St. Vincent's Reportedly Under Investigation by DA's Fraud Unit

By Tom Liddy on August 21, 2011 4:53pm | Updated on August 21, 2011 7:28pm

St. Vincent's Hospital is reportedly under investigation by the Manhattan DA's fraud unit.
St. Vincent's Hospital is reportedly under investigation by the Manhattan DA's fraud unit.
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Spencer Platt/Getty Images

MANHATTAN — Shuttered St. Vincent's Hospital is under investigation by the Manhattan DA's fraud unit, according to a published report.

Investigators are looking into whether the famed Catholic hospital's leadership ran its finances into the ground so that the medical institution could be sold, the New York Post said.

Specifically, probers are examining the salaries of top executives at the Greenwich Village hospital, which racked up a massive debt and went bankrupt before closing in April 2010, the paper said.

A number of the executives pulled in more than $1 million each during the hospital's last years, according to the report.

Declaring bankruptcy allowed St. Vincent's to be sold to the Rudin family, which plans to build luxury housing on the site, the Post said.

The probe is also examining the hospital's dealings with vendors, according to the report.

When St. Vincent's closed, it sparked an uproar in the community, which it had served since 1849. A large portion of Lower Manhattan was left without a nearby hospital and trauma center.

The hospital, founded by the Sisters of Charity, tended to the wounded after 9/11, served on the front line in the fight against AIDS and even treated the survivors of the Titanic.

The DA's office did not immediately respond to an email for comment.

St. Vincent's spokeswoman, Brenda Adrian, told DNAinfo that the hospital was not aware of an investigation.

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