Former Board Member May Buy Shuttered Peninsula Hospital Center for $24M

A group led by former board of directors member Michael Melnicke is considered a strong candidate to buy the closed Far Rockaway, N.Y.-based Peninsula Hospital Center and its affiliated nursing home, according to a New York Daily News report.

Advertisement

Following bankruptcy, Peninsula Hospital closed in April.

According to the report, Mr. Melnicke would pay $16.75 million for Peninsula’s nursing home, $6.25 million for the hospital’s property and $1 million for a clinic for a total of $24 million.

The offer does not mean that the deal is done, however. Lori Lapin Jones, JD, the court-appointed trustee overseeing the Peninsula Hospital sale, intends to use the $24 million offer as a benchmark figure to take the sale into an auction, according to the report.

More Articles on Hospital Closing:

St. John’s Pleasant Valley Hospital to Close Obstetrics Unit After 38 Years
Calhoun Memorial Hospital in Georgia in Danger of Closing
Camden Clark Medical Center to Close St. Joseph’s Hospital Within 4 Years

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.