St. Vincent's Files for Chapter 11

St. Vincent Catholic Medical Center filed for bankruptcy protection the second time in five years, what is expected to be the final chapter for the last acute-care Catholic hospital in the city. General Electric Co.'s GE Capital and TD Bank Financial Group have agreed to provide the hospital with up to $85 million in financing so that patient care and payroll can continue during the bankruptcy proceedings, the hospital said in a statement. The hospital, founded more than 160 years ago, announced earlier this year that it was insolvent and has borrowed millions of dollars in loans from the state of New York to make payroll. The hospitals buildings and operations are expected to be sold, but a buyer hasn't yet been named.