Sections

Melanie Cyganowski and Steven Korf tasked with administrating $20-$30-million bailout

State takes over Interfaith, promises bailout

Faith-keepers: State-installed managers are supposed to pull Interfaith Medical Center out of its financial quagmire.
The Brooklyn Paper
Share on TwitterTweet
Share on Facebook
Subscribe

Don’t miss our updates:

The state has taken over Interfaith Medical Center in a bid to keep it alive.

The state Department of Health booted the beleaguered Bedford-Stuyvesant hospital’s top management and appointed former bankruptcy judge Melanie Cyganowski and medical maestro Steven Korf to oversee a restructuring made possible by a just-announced $20-30-million bailout. Both are tasked with trying to pull the ailing hospital out of bankruptcy, a hospital representative said.

“It will be up to them what the hospital will look like,” said Interfaith spokeswoman Melissa Krantz. “What is good is that this means the state realizes the importance of this hospital.”

Now that the state has installed its people, it will cover the hospital’s losses for at least a year, to the tune of between $20- and $30-million, according to Krantz.

Cyganowski served as a United States bankruptcy court judge in federal court for 14 years. Korf, who was previously top honcho at Brookdale Hospital and Medical Center in Brownsville, will replace Pradeep Chandra, who took over as CEO in January after his predecessor Patrick Sullivan diverted ambulances and reportedly shut himself in his office and refused to leave until cops arrived.

The hospital has been broke and its future has been touch and go for almost a year. For the past few months, the hospital has survived on more than $15 million that it had to go to court to collect from the state.

Reach reporter Danielle Furfaro at dfurfaro@cnglocal.com or by calling (718) 260-2511. Follow her at twitter.com/DanielleFurfaro.
Updated 10:17 pm, July 9, 2018
Today’s news:
Share on TwitterTweet
Share on Facebook
Subscribe

Don’t miss our updates:


Reasonable discourse

Unbelieveable from Brooklyn says:
The state took over LICH too & look what happened there. A hospital with a higher level of service than Interfaith has was deliberately murdered by the state. The state offered to "give LICH's keys to anyone who wants to take it over". 4 hospital operators stepped up to do just that & the state is still playing sabotage games to block LICH's survival & to give the real estate to their developer cronies & big campaign donors. Be very wary if the state is now in control of Interfaith too.
March 27, 2014, 11:45 am
Sterling says:
BedStuy needs primary doctors & dentists. Keep the clinics in the community as well as the HIV care. Interfaith could be a psychiatric hospital for the borough. For everything else medical, I'd go to Kings County!
March 27, 2014, 5:11 pm
sam from brooklyn work says:
steve korf and melanie think all interfaith doctors should be ashamed of themselves and be ashamed of their colleagues,whom both of them are trying to elbow out.Melanie said "SHAME on you doctors!"
she would not have dared say this if the majority of doctors were not immigrants
these doctors stood with Interfaith ,when its future was not known, did not leave .if all doctors had left the hospital would have closed.
Dec. 10, 2014, 8:32 pm

Comments closed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

Keep it local!

Stay in touch with your community. Subscribe to our free newsletter: