The Real Deal New York

Ex hospital board member eyes shuttered facility in Far Rockaway

August 22, 2012 12:00PM

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Peninsula Hospital (credit: Forum Newsgroup)

Far Rockaway’s shuttered Peninsula Hospital may have found a buyer, the Daily News reported. Michael Melnicke, a who sat on Peninsula’s board of directors but reportedly had not attended a board meeting for several years, along with a group he’s leading, have offered up a $24 million package deal.

Broken down, Melnicke would shell out $6.25 million for the hospital, $16.75 million for the hospital’s nursing home and an additional $1 million for a clinic. Melnicke owns five other nursing home properties in New York. The court-appointed trustee for the hospital, Lori Lapin Jones, aims to use the $24 million deal as a benchmark figure, the Daily News said, then take the sale to auction.

As previously reported, Peninsula Hospital shut down this spring following a struggle with bankruptcy. [NYDN] – Zachary Kussin

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