NY Hospital Criminal Investigation in to Hospitals

St Vincent's Hospital?

Continuum Unloaded, and SUNY Took Over, LICH to Sell the Real Estate, Raid Trust Fund -- Where Is the Criminal Investigation ?

When Gov. David Patterson funded the SUNY acquisition of LICH in late 2010, a few months after the controversial closing of St. Vincent's Hospital, Stanley Brezenoff, the President and Chief Executive Officer of Continuum Health Partners, which had previously managed LICH, said: "This agreement is a win-win for all of the organizations involved."  See : http://www.governor.ny.gov/archive/paterson/press/101410sunylich.html

But now comes SUNY Board Chairman Carl McCall, who said recently that SUNY does not have the resources to manage LICH.  "We're just not in a position to continue to do it. This is a further drain on our mission," Chairman McCall toldThe Wall Street Journal.  See :  http://online.wsj.com/news/articles/SB10001424052702303531204579208431499432764

Chariman McCall has served on the SUNY Board of Trusteessince 2007, and he was named by Gov. Andrew Cuomo to be Chairman of the Board of Trustees in late 2011.  Prior to that, Chairman McCall had previously served as chairs of both the SUNY Finance and Administration Committee and the State University Construction Fund.  See :  http://www.governor.ny.gov/press/10172011appointmentofHCarl

Chairman McCall's previous messages on SUNY's management of LICH have included mixed indications about using the property underneath LICH for a real estate deal forluxury condos.  See :  http://brooklynheightsblog.com/archives/63861

Indeed, a judge has ruled that SUNY was motivated into acquiring LICH over a "more sinister purpose to seize its assets and dismantle the hospital."  See :  http://www.ny1.com/content/news/187443/judge-orders-lich-ownership-change--but-named-operator-says-no

That can further be seen when presumably Continuum and SUNY raided the Othmer Endowment Fund in 2000, 2006 and 2011.  See :  http://www.brooklyneagle.com/articles/brooklyn-judge-places-lich-property-‘constructive-trust’-says-othmer-fund-must-be-repaid

The intentional efforts of management to drive a hospital into the ground in order to sell its valuable real estate for luxury condos is reminiscent of previous charges that were once considered against the management ofSt. Vincent's Hospital.  See :  http://nypost.com/2011/08/21/da-eyes-st-vinnys-go-for-broke-plan/

Now that LICH's resources have been depleted by the willful and malicious intentions of SUNY to drive LICH into the ground, will prosecutors launch a fraud investigation into possible misrepresentations that led to the 2010 transfer of LICH to SUNY from Continuum ?

Stay tuned....

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