Boro Park’s Maimonides Medical Center may need to be “saved” even sooner than expected.
In addition to its allegedly subpar conditions and poor record of treatment, the hospital appears to be on the verge of financial collapse, according to the NY Post.
Financial filings show that the iconic yet beleaguered hospital lost a whopping $145 million last year and defaulted on some debt.
As a result, the facility may not be financially sustainable. At the end of 2021, the hospital had just $148 million in cash on hand, which may only be enough to last another year
The 52-page report, dated Aug. 26 was prepared by renowned accounting firm Price Waterhouse Cooper highlights just how precarious Maimonides’s position is currently.
The news comes as the hospital’s management is engaged in a bitter feud with high-profile businessmen and askanim over the hospital’s future, amid a plethora of complaints over poor care, dilapidated conditions, faulty a/c systems, and excessive executive compensation.
The hospital’s CEO Kenneth Gibbs’ yearly salary nearly doubled from $1.8 million to $3.2 million in 2020 — even though the hospital posted a $16 million loss that year.
In July, five state lawmakers signed a letter calling for hearings into the hospital’s operations.
Then in August, state Senator Simcha Felder labeled the “Save Maimonides” campaign a “not kosher…smear campaign.”
Hope they will close for good !!! it’s a butcher hospital where they practice on people like Guinea pigs
we must give it over to a frum ownership that will be erlich.
With all the “who haas” (aka top people in boro park) and no one can save it ?! Then Maimonides is making sure it will fall and to this I say good riddance. someone else should take over and really represent what the rambam really would want his name to be all about. Not just for title. As for no money – what a joke, just during the virus alone was enough to make millions. Here we go again: soooooo who took the money?!
The Government paid 100% for COVID treatments with zero copays due. Something stinks here.
Only other locations
Wow😱
If a hospital has terrible conditions and dosent treat patients right, then they should definitely close!
I had good experiences there- giving birth and with emergencies with the kids,
Would b sad to see it go !
I would tell everyone to stop for a moment and imagine what it’s like to be a healthcare worker. If you don’t know you shouldn’t judge.
They killed a lot of people during epidemic
Didn’t let families take their love ones back home to be treated at home
They deserve it
To be fair, that wasn’t exclusive to Maimonides. It was every hospital, everywhere
I spent several days in the cardio department for open heart surgery. The service was excellent and BH I fully recovered
My 33 yo son in Boro Park was taken by hatzoloh bc he could not breathe. Maimonides put him in isolation room unwatched and unattended for over 2 hours. He finally staggered to nursing station and they said, and I kid you not, oh, THERE you ARE! We forgot where we put you!
My son walked out of Maimonides, got into an UBER, went to Methodist where they immediately treated him for the next 12 hours.
He could have died bc of Maimonides.
I can’t even begin with the horror stories that just my own family has experienced at Maimonides. I’ve had relatives left in the hallways for days at a time. A nurse once told my mother to simply wet the bed after she had surgery and was too weak to get to the restroom. The level of maltreatment and hygiene issues was appalling. I won’t be sad to see it go.
The amount of traumatic and ill treament my mother went through there haunt her till this day. The nurses would openly laugh and mock the women giving birth there. Not to mention other things that I will not be sharing on this platform. Nobody should go there to give birth I pray that that place closes and down. Those medical workers should not be hiered. Very antisemetic and toxic atmosphere.
I had a love one there during the pandemic and let me tell you! The stories I have heard from there! Someone was have dead and they covered him up!!!