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>> LONG ISLAND Latest News

JAN 17, 2013 - San Francisco Chronicle

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State Comptroller: NYC hospital losing millions

State Comptroller: NYC hospital losing millions Downstate said in a statement that the "tremendous financial hardships" reflect challenges facing health care facilities across the U.S. The hospital said it is developing a comprehensive plan to remedy the financial issues addressed in the report. The comptroller said the financial losses were due in large part to Downstate's acquisition of two hospitals — Victory Memorial Hospital in 2008 and University Hospital at Long Island College Hospital in 2011 — that were based on unrealistic business assumptions. Auditors also found that ... Read More

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