Developer MedDev pitches LICH plan

Firm specializes in accessing project cash from "non-traditional sources"

TRD New York /
Mar.March 06, 2014 06:15 PM

Development firm MedDev, which counts the State University of New York among its clients, is throwing a hat in the Long Island College Hospital bidding ring.

MedDev head Frank Paterno declined to comment to the Brooklyn Paper about the firm’s specific plans, but the firm specializes in ambulatory care, assisted living and medical office facilities, and pulling funds for their development from “non-traditional sources,” according to the company’s website.

“We’re New Yorkers through and through, we believe in the project, and we think we could bring good value to the table,” Paterno told the paper.

MedDev and Memorial Sloan-Kettering, also a client of the firm, attended a mandatory meeting for hospital bidders this week. All must submit their proposals by March 19, capping a new bidding round that launched following a February court settlement between hospital activists and the state.

“I’m more optimistic than I was with the old request for proposals, but there are no guarantees,” Roy Sloane, president of the Cobble Hill Association, told the paper. “So far, there has been an encouraging response.” [Brooklyn Paper]Julie Strickland


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