Monday, November 2, 2009

Hospitals' sale to Guttman on hold

From the Daily News:

The sale of two shuttered Queens hospitals to a controversial developer has been temporarily blocked.

The state Dormitory Authority asked a federal bankruptcy court judge on Friday to hold off on approving the sale of St. John's Hospital and Mary Immaculate Hospital to an investment group headed by Joshua Guttman.

The authority, which is owed more than $62 million by bankrupt hospital owner Caritas Health Care, wants the court to consider reopening the auction. A hearing on the matter is scheduled for tomorrow.

Guttman made the highest bid at an Oct. 16 auction, promising $26.6 million for both properties.

The Dormitory Authority filed the motion after Queens Borough President Helen Marshall and others made a personal appeal to Gov. Paterson at a Queens County Democratic Party dinner Thursday night.


Anonymous said...

Hey Gov Patterson instead of a 14 billion train to Buffalo (nowhere) how about buying St Johns and Marry Immaculate Hospitals for 90 million? This is your chance to do something right!

Anonymous said...

why couldn't these hospitals get bailed OUT ?