SUNY ends talks with Peebles to buy LICH; Fortis next up
Another Long Island College Hospital bidder out of contention
Another bidder for Long Island College Hospital (LICH) has been rejected by SUNY.
Late Wednesday, the State University of New York (SUNY) announced it has ended negotiations with the Peebles Corporation in its bid to buy LICH. Peebles came in second in a contested RFP after Brooklyn Health Partners (BHP), also rejected by SUNY.
SUNY said they will immediately begin negotiations with Fortis Property Group, LLC — the same developer SUNY awarded LICH to in their first RFP round. Fortis bid $240 million for LICH.