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Brooklyn Hospital Center appears healthy enough to oversee LICH deal

Before LICH pitch, Brooklyn Hospital bounced back from bankruptcy

The Brooklyn Paper
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The Fort Greene medical center that wants to buy Long Island College Hospital and turn it into apartments with some medical facilities has come a long way since 2005.

That year, Brooklyn Hospital Center found itself hundreds of millions of dollars in debt and managers filed for Chapter 11 bankruptcy. But now, the hospital is apparently in the black and wants to buy its Cobble Hill counterpart, with the help of a private equity firm and a developer, Crain’s New York Business reported.

“Brooklyn Hospital Center is doing well economically, overall,” said Brooklyn Hospital spokesman Eric Sommer, who would not speak on the record about his company’s takeover bid.

This is not the first time that Brooklyn Hospital has stood to bail out other healthcare providers. A state-commissioned report on Brooklyn hospitals in 2011 recommended that the institution merge with Interfaith Medical Center and Wyckoff Heights Hospital to keep those hospitals alive.

“In light of the precarious financial positions of Interfaith and Wyckoff, the [consultants] would like to ensure that Brooklyn Hospital, which has recently emerged from bankruptcy and is demonstrating sound financial practices, is not brought down by this plan,” the report said.

Brooklyn Hospital did not bite, and Wyckoff and Interfaith are still struggling to stay open. But the Long Island College Hospital pitch, which involves keeping some medical facilities open but turning other property over to apartments, is attractive to Brooklyn Hospital. It cannot hurt that the Cobble Hill wellness center sits on real estate valued at as much as $500-million.

Brooklyn Hospital is part of the New York-Presbyterian Healthcare System, as is Park Slope’s New York Methodist Hospital, which is also looking to expand.

Reach reporter Jaime Lutz at jlutz@cnglocal.com or by calling (718) 260-8310. Follow her on Twitter @jaime_lutz.
Updated 10:16 pm, July 9, 2018
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Reasonable discourse

Streusal from Brooklyn Heights says:
What kind of nonsense are you feeding us? Brooklyn Hospital is not footing the bill here -- LICH real estate sell off is what's driving this potential deal. And, what would we gain in return for a deal like this -- NOTHING! Lose a full service hospital for lots of apartments and "medical facilities". Seems more like a LICH Switch.
Jan. 13, 2014, 5:37 pm
Hank from Brooklyn hEIGHTS says:
This looks like a great deal for the community and great opportunity for lich.
Jan. 14, 2014, 11:28 am
NotFooled from Brooklyn Heights says:
Hank are you nuts? What deal for the community? Its a deal for Brooklyn Hospital to kill its main competition & get a nice fat cash-cow too. The community loses a real ER that can treat life-threatening emergencies, the only cardiac angioplasty center in the area, & a whole hospital. All they get is a bogus "ER" that can't treat emergencies but will give you free ambulance transportation up to Brooklyn Hospital. This is just more of the same real estate grab. SUNY took over LICH to exactly the same thing - turn LICH into its own cash-cow. This community including Brooklyn Heights has been fighting for a year to stop SUNY from doing that. So what makes Brooklyn Hospital or NYU think we'll allow them to do it? We want our life-saving hospital, not an urgent care emergency room & condos/apts. Reject all both Brooklyn Hosptial & NYU/Fortis' new unacceptable proposals. They all came after the RFP process ended. Open a new RFP for a real hospital with a real ER & other critical services.
Jan. 14, 2014, 2:17 pm
D from Brooklyn Heights says:
Once again Jaime Lutz gets the LICH story wrong. Wonder what she & Bklyn Paper have against the hospital that they can't seem to get the facts straight. It's really disgusting that they would try to portray this deal as Brooklyn Hospital coming to the rescue to "bailout" LICH. In reality they are jumping in to kill LICH & grab the real estate - to destroy LICH for their own financial gain- the same thing SUNY did. BTW, That 2011 state-commissioned report that she mentions also recommended that LICH be utilized to its fullest potential & that SUNY transfer all of its in-patient hospital services to LICH. Missed that part, did you?
Jan. 14, 2014, 2:25 pm
Conspiracy? says:
It's well known that in the past, Brooklyn Hosptial's lobbyist, a best friend to Governor Cuomo, has tried to get LICH killed to benefit his client, Brooklyn Hospital. It's well known that SUNY's current president for LICH is a decades-long best friends with Brooklyn Hospital's CEO & that CEO may have had something to do with SUNY bringing in this president last yr to complete the killing process. It's well known that there has been intentional neglect and intentional mismanagement at LICH by its operators to orchestrate the current situation and provide "justification" for closure. SUNY should be facing criminal charges for intentional failure of their responsibility at LICH. With the interconnections back to Brooklyn Hospital, we have to wonder if the benefit for Brooklyn Hospital was a consideration in SUNYs decisions to actively prevent LICH from bouncing back from Continuum's plundering. Had LICH been allowed to receive the same kind of responsible management that Brooklyn Hospital is now receiving, or at least had their services billed for and payments collected by SUNY, this would be a very different story. LICH's hands & feet were deliberately tied by SUNY and then SUNY said kill it because it cant move. But Brooklyn Hospital doesn't have the same services as LICH & can't be a replacement for LICH. Rather than killing LICH, there must be a comprehensive plan for Brooklyn's healthcare. Both these hospitals can complement each other, keeping a full service critical ER at both, dividing hospital services between the two & sharing medical training.
Jan. 14, 2014, 2:48 pm
Marie from Smith St says:
So both proposals close the hospital & remove all critical services. Pretty much the only difference between Brooklyn Hospitals proposal & NYU's proposal is which hospital the ambulance at the LICH "emergency" urgent care room will transfer you to for real emergency care. That's just so unacceptable.
Jan. 14, 2014, 3:51 pm
bee from park slope says:
LICH was ruined by Continium. They were anxious to get their hands on the wonderful
hospital that was and transfer the wealth, endowments and revenues into their Manhattan properties.

So SUNY buys LICH in order to close it and sell the real estate to cover up the mismanagement of their campus at Downstate. The first thing they do is sign a contract at 2 million a month with
Continum to do the billing and collect money. There are doctors there that are still owed money from when Contimuum managed it and haven't seen a dime. Then SUNY fires all the doctors, refuses to take in new patients but then complains that the hospital is losing money. They direct all call to LICH even the switchboard and physician referal service to Downstate. They ne

Meanwhile, NY Presbyterian, who manages Methodist and Brooklyn Hospital is salivating over LICH closure, Methodist has most of LICH doctors
which were of higher quality than any doctors they could find on their own. (remember the article that Methodist had the most doctors under license review a few years ago?)

Methodist is putting a a billion dollar medical building in a community that does not want it. It
will not be a hospital, it is just an outpatient center,
similar to the one they sold in Red Hook on a massive scale.

Methodist expansion is scaring off serious operators from trying to figure out what is viable at LICH, the books are closed to all, no one can explain how in a few years Continium took a thriving entity and drove it into the red, then SUNY compounds the problems by keeping Contium in charge of the finances, another shell game to benefit political cronies.

And our new mayor who campaigned on keeping LICH open, oppoints the hospital killer Stanley B to his staff????
Jan. 15, 2014, 12:52 pm
Hannah from Williamsburg says:
Yes Bee. Good points you make. I think this community should to start making a few phone calls to our dear Mayor. When are we getting his comprehensive plan for Brooklyn healthcare. Why should we not have a real emergency room that saves lives at lich & the specialty services that it was recognized for? For instance Why shouldn't one hospital have some of the specialites & the other have different specialties and both have the critical services & life saving emergency care? Divide up the cases. These hospital executives and boards shouldn't be so greedy.
Jan. 15, 2014, 7:18 pm
Sanuel from Clinton Hill says:
Bill Deblasio should Remember what happened to Christine Quinn because of St Vincent's Hospital closing. She lost. He won with a whole lot of talk about saving lich. It will be a giant omlette of egg on his face if he lets lich close & then tries to sell it to the community that he "saved"urgent care & clinics for them but they can die in traffic trying to get someplace else with their heart attacks.
Jan. 15, 2014, 7:30 pm
OJ from Bk Hts says:
Samuel, he better not even try that. I didn't vote for Bill Db to get an urgent care room & a closed hospital. He got my vote to stop hospitals from being closed & to keep LICH open as a hospital. I really hope he has more integrity than to try to pull the wool over us like that.
Jan. 15, 2014, 8:20 pm
resident from Cobble Hill says:
Anything that will take on any percentage of a hospital at this place is a gift horse.

Further, many folks from Cobble Hill would like to see a downsized facility, less institutional environs in the neighborhood and the rows of Brownstone houses taken over by LICH returned to residential use.

DeBlasio did more than his fair share. Don't blame him for not doing the impossible. If you get something, it's better than nothing.

Compromise is the key.
Jan. 22, 2014, 8:47 pm

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