SUNY approves sale of LICH to developer Fortis
State regulators still looking at deal
The State University of New York (SUNY) signed off on Thursday on the sale of Long Island College Hospital (LICH) in Cobble Hill, Brooklyn, to Fortis Property Group for $240 million.
Fortis plans a residential development.
SUNY Board Chairman H. Carl McCall said in a statement that the deal would provide “health care services for the community” in the form of an ambulatory care center to be built by NYU Langone Medical Center, and protect SUNY and the state’s taxpayers from financial losses.
The sale, long opposed by the community and local officials, must still be approved by the state attorney general and state comptroller, and other legal considerations have yet to be fully resolved.