NEW YORK CITY-Doctors affiliated with financially strapped Long Island College Hospital in Brooklyn are attempting to align with a professional hospital management firm to take over the troubled facility.
Hospital doctors calling themselves the Concerned Physicians of LICH say that a number of companies are interested in teaming up to save LICH from closure, according to the New York Times.
“Our client's vision would be to restore the hospital to be a full-service hospital,” Jeff Ruggiero, a partner in Arnold & Porter, the law firm representing the doctors, said. He noted that the new operators might have to reduce the number of beds at the facility in order to reduce costs.
The doctors indicated their interest in saving the hospital at a conference with a Brooklyn judge on Thursday. Among the many obstacles the doctors' group faces is taking over a facility with as much as $200 million in debt.
“That's a significant detail,” Ruggiero said of the state debt. “It would have to be resolved in the context of a much larger proposal to transfer real estate and refinance the debt.” See story in the New York Times.
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