Home Health Company to Lead Turnaround of New York’s Struggling Peninsula Hospital

Brooklyn-based Revival Home Health Care will operate Peninsula Hospital in Far Rockaway, N.Y., and has extended an $8 million line of credit to the hospital to keep it open, according to a New York Daily News report.

Advertisement

The struggling hospital is reportedly $60 million in debt and will file for bankruptcy as part of its plans for restructuring, which are being led by Revival. In August, MediSys, the former operator of the hospital, decided to withdraw from the hospital.

Related Articles on Peninsula Hospital:

New York’s Peninsula Hospital May Be Purchased by Revival Home Health Care
Majority Sponsor of New York’s Peninsula Hospital Notifies Board of Withdrawal

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.