Long Island College Hospital, which is part of the financially beleaguered State University of New York Downstate Medical Center in Brooklyn, may close its doors soon as it hemorrhages money and loses patients, according to a New York Times report.
Last week, New York Comptroller Thomas DiNapoli released an audit that found SUNY Downstate will not have enough cash to cover all its expenses by this May. One of the major causes of SUNY Downstate's financial ruin, according to the audit, was the acquisition of LICH in May 2011. Under the purchase agreement, SUNY Downstate took on $170 million of LICH's liabilities, which the hospital has increasingly been unable to manage.
The SUNY board has reportedly "discussed the possibility of closing LICH" and will put the hospital's closure to a vote in "the near future," according to the report.
David Doyle, a SUNY spokesperson, told the New York Times that SUNY Downstate would have to submit an action plan to the state Health Department before the closing could occur.
Last week, New York Comptroller Thomas DiNapoli released an audit that found SUNY Downstate will not have enough cash to cover all its expenses by this May. One of the major causes of SUNY Downstate's financial ruin, according to the audit, was the acquisition of LICH in May 2011. Under the purchase agreement, SUNY Downstate took on $170 million of LICH's liabilities, which the hospital has increasingly been unable to manage.
The SUNY board has reportedly "discussed the possibility of closing LICH" and will put the hospital's closure to a vote in "the near future," according to the report.
David Doyle, a SUNY spokesperson, told the New York Times that SUNY Downstate would have to submit an action plan to the state Health Department before the closing could occur.
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