The Real Deal New York

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

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

October 29, 2014 08:30AM

From left: Eric Schneiderman, Long Island College Hospital and Fortis CEO Jason Landau

From left: Attorney General Eric Schneiderman, Long Island College Hospital and Fortis CEO Jonathan Landau

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

  • Maik Obermuller

    The People have been heard. LICH was a money trap for the past two decades. It is time LICH was put out of it’s misery. NYU will be the best thing that ever happened to this community.

  • Jack Green

    this deal is the best deal for the community in my opinion ..the
    owner of Forties manages a big health center in Williamsburg with top doctors
    and beautifully well taken care facilities

    and no one is refused because lake of insurance coverage

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