$240M sale of LICH to Fortis wins approval — finally

Attorney general and state comptroller end two-year search by signing off on sale

TRD New York /
Oct.October 29, 2014 08:30 AM

The attorney general and the state’s comptroller signed off on SUNY’s sale of Long Island College Hospital to Fortis Property Group for $240 million.

The approval comes after a two-year process that involved multiple bidders and law suits.

Fortis will partner with NYU Langone Medical Center and Lutheran Medical Center, which will manage a freestanding emergency room and provide ancillary medical services, according to Capital NY.

Approval by the offices of The Attorney General And State Comptroller Demonstrate That The Contract Complies With All State Laws And The Court-mandated settlement agreement, and allows the full and seamless transition of the facility to commence immediately,” SUNY Chairman Carl McCall and SUNY Chancellor Nancy Zimpher said in a joint statement, according to the website.

Before the attorney general signed off on the deal, some members of the community protested the sale, arguing that the deal doesn’t take the community’s needs into account. [Capital NY] — Claire Moses


Related Articles

arrow_forward_ios
From left: One Seaport, Gramercy Square, 75 First Avenue and former Pizzarotti CEO Rance McFarland (Credit: Rendering courtesy of Goldstein Hill & West / Fortis Property Group; VUW Studio; Pizzarotti; GlobeSt)

Pizzarotti had a blockbuster NYC entrance. But did the construction company fly too close to the sun?

161 Maiden Lane and Fortis Property Group CEO Jonathan Landau (Credit: Google Maps and Fortis)

Fortis blames contractor Pizzarotti for leaning Seaport tower

Leaning Tower of Pizzarotti? Contractor sues Fortis over alignment issues at Seaport project

Leaning Tower of Pizzarotti? Contractor sues Fortis over alignment issues at Seaport project

Fortis secures $92M financing for Dumbo condo project

Fortis secures $92M financing for Dumbo condo project

Here’s how much Fortis paid for its Jehovah’s Witnesses site

Here’s how much Fortis paid for its Jehovah’s Witnesses site

Fortis recapitalizes 1 Seaport with $66M loan

Fortis recapitalizes 1 Seaport with $66M loan

Here’s what Fortis is planning at former Jehovah’s Witnesses site

Here’s what Fortis is planning at former Jehovah’s Witnesses site

Construction company claims it was wrongfully fired from Fortis’ LICH project

Construction company claims it was wrongfully fired from Fortis’ LICH project

arrow_forward_ios