Lawsuit Claims St. Vincent's Execs Looted Hospital Coffers

Monday, Aug 16, 2010  |  Updated 5:09 PM EDT
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Lawsuit Claims St. Vincent's Execs Looted Hospital Coffers

St. Vincent's Hospital may soon be condos.

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 Former employees of now-defunct St. Vincent's Hospital say the 160-year-old Manhattan institution was destroyed by mismanagement — including expenses like a $278,000 golf outing.

According to a lawsuit filed Monday in state Supreme Court in Manhattan, hospital executives also spent $17 million for management consultants and $104 million on other, unspecified expenses.

The Greenwich Village facility closed in April with a debt topping $1 billion dollars.

Doctors and nurses charge that 10 top executives had salaries of $1 million each as the hospital was headed for bankruptcy.

St. Vincent's was founded by the Sisters of Charity, a Roman Catholic order of nuns.

In a statement a spokesman for St. Vincent Catholic Medical Centers said that they had not received a copy of the lawsuit, but "based on news reports... there appears to be a blatant distrotion of the facts."

"Both the closure of the Manhattan Hospital and a bankruptcy proceeding are open, transparent processes that allow all valid constituents to express their views to ensure all actions are appropriate and necessary. St. Vincent’s has met those requirements at every step along the way and will continue to do so," the statement read.

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