EAST MEADOW, New York (WABC) — Nassau University Medical Center is set to receive the last installments of a nearly $110 million bailout.
Gov. Kathy Hochul delivered $109.6 million in state funding to help stabilize the hospital which has been the subject of a major financial deficit, a scandal involving its former CEO and political turmoil between the governor and Republican County Executive Bruce Blakeman.
Some of the money came through federal programs.
It puts the hospital on more solid footing as a new management team tries to make the business profitable.
The hospital says it is positioned to accelerate its momentum under Tom Stokes, who has stepped into the CEO role.
“I am deeply committed to restoring and strengthening this hospital for the patients and communities who depend on us,” saidTom Stokes, CEO of Nassau Health Care Corporation. “Governor Hochul’s support affirms that our work is headed in the right direction. With this critical investment, we can continue building a stronger, more stable future for NUMC – one that delivers the quality, access, and accountability our residents deserve.”
As the only Level 1 trauma and burn center on Long Island, the hospital treats more than 80,000 emergency patients and handles more than 178,000 patients every year.
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