Interfaith Medical initial loan commitment increased to $27.35 million

By Caroline Salls

Pittsburgh, Feb. 13 - Interfaith Medical Center, Inc.'s initial debtor-in-possession loan commitment was increased to $27.35 million from $17.35 million, bringing the total loan commitment to $35.1 million, according to a stipulation filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of New York.

All of the $10 million increase is to be made available by the New York State Department of Health in the form of disproportionate share hospital payments, Vital Access Provider program awards or other grants, payments and awards.

Interfaith, a Brooklyn, N.Y., multi-site health-care system operator, filed for bankruptcy on Dec. 2, 2012. Its Chapter 11 case number is 12-48226.

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