Brooklyn Health Partners, the winning bidder chosen to take over the beleaguered Long Island College Hospital, must pay the State University of New York, the current hospital operator, $25 million by May 4 or else SUNY will call off the deal. Brooklyn Health Partners agreed to pay $250 million for the Cobble Hill campus, and if SUNY doesn't get a 10 percent downpayment, they will begin negotiations with the Peebles Corporation, whose development plan does not contain a full service hospital. Will this saga ever end? [BK Paper; previously]
Filed under: