Wednesday, August 21, 2013

Judge To SUNY: Mitts Off LICH Loot

More encouraging news in the battle to save LICH:
Brooklyn Supreme Court Justice Carolyn Demarest found that the State University of New York Downstate (SUNY Downstate) violated a contractual obligation in the asset transfer of Long Island College Hospital (LICH) property and has ordered that LICH assets be transferred back to the hospital.
. . . .
Believing it her “legal and moral responsibility” to correct an “error”, Demarest, without petition from LICH or any of its supporters, vacated the 2011 order granting asset transfer to SUNY and ordered that Continuum Health Partners Inc (Continuum), the “sole member of LICH” and former operator, take possession of the physical assets of LICH.
If, for whatever reason, Continuum is not deemed qualified, Demarest requested that a caretaker or receiver be appointed to takeover the responsibilities of LICH’s hospital administrator. 
It looks more and more like e're going to see the third party conservator route.  It's a good thing we're going to have a new Mayor who actually gives a damn about this sort of thing in a few months.

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