St. Vincent’s Brooklyn facilities get $47M bid

New York /
Aug.August 25, 2010 10:45 AM

St. Vincent Catholic Medical Centers, the Greenwich Village-based
hospital that filed for bankruptcy in April, has received a $47 million
bid for its two nursing home properties in Brooklyn. Kenneth Rozenberg
and Daryl Hagler — who already own 10 local nursing home facilities —
are seeking to buy the Bishop
Francis J. Mugavero Center for Geriatric Care and St. Jerome’s Health
Services, which does business as Holy Family Home. The bankrupt
St. Vincent’s, however, is still hoping to get a higher bid at a Sept. 21 auction with a bid deadline of Sept. 14. St. Vincent’s also signed a contract to sell its behavioral health facilities in Westchester County to St. Joseph’s Medical Center in Yonkers, according to the Wall Street Journal. The proposal will be submitted to The Bankruptcy Court for approval and the transfer must be approved by several state offices as well. St. Vincent’s is also slated to sell its long-term home health care program to Visiting Nurse Service of New York and its certified home health agency to North Shore University Hospital. St Vincent’s already sold its staff house for medical residents at 555 Sixth Avenue in Manhattan, in an auction for $67.3 million. [Crain’s]

 

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