At Deadline.(Late News)(Cabrini Medical Center lans to turn itself)(Jim Caparro resigns from Atari Corp.)(Finance and tech professional jobs to grow in New York)

Crain's New York Business, June, 2005

One of Manhattan's most financially troubled hospitals, Cabrini Medical Center, is considering turning itself into a long-term acute care facility. The 116-year-old hospital lost $2 million in 2003. Cabrini and Mount Sinai Medical Center, with which it is affiliated, are discussing a plan for a facility to serve patients who are too sick for nursing homes but do not need the intensive and more expensive care offered by acute-care hospitals.

Nursing homes have traditionally opposed such efforts. Expect J.P. Morgan Chase to follow Citigroup's lead and settle a class-action suit over its role in financing Enron. Citi agreed to pay $2 billion Friday, more than four times the combined amount already paid by other banks. A Merrill Lynch report issued Friday after the...

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