In August, the affordable housing provider (L+M Development Partners) withdrew from the Fortis deal to buy Long Island College Hospital from SUNY. Now the health care provider, NYU, is doing the same thing. The development “appears to leave the Fortis Property Group’s proposal to buy LICH in tatters,” said The Brooklyn Eagle, which reported the news.
NYU bowed out of its role to offer emergency services and ambulatory care on the valuable Cobble Hill property because of the nurses’ lawsuit over hiring, according to a statement from NYU reprinted by the Eagle. NYU had already invested substantial time and money in getting the health services up and running, including hiring 99 employees.
Ironically, when SUNY earlier rejected two higher-ranked bidders, it had said it doubted they could deliver the health care services they promised.