Another episode in NUMC's continuing struggle
GalleriesNassau County Executive Edward Mangano
Nassau University Medical Center's request to Albany for help demonstrates the hospital's continuing struggle to maintain a firm fiscal footing.
The East Meadow hospital, pummeled by reduced Medicaid reimbursements and rapidly growing pension costs, wants state approval to have the Nassau Interim Finance Authority refinance $300 million in hospital debt.
The idea is to use NIFA to allow...