LICH bidder blows $25 million deadline

[hrmjustin]

Brooklyn Health Partners, the embattled company negotiating with SUNY to purchase Long Island College Hospital, did not provide a $25 million check on Thursday, defying an order from a Brooklyn Supreme Court judge.

Instead, the company told Justice Johnny Lee Baynes that it would provide a bond in the morning, according to a letter sent to the clerk and obtained by Capital.

Baynes' clerk sent back a curt reply saying, "The Judge expects the language of his order to be adhered to specifically."

It was not, despite the fact that Baynes made it explicit that B.H.P.'s viability hinged on whether the company could deliver that check.

http://www.capitalnewyork.com/article/city-hall/2014/05/8545077/lich-bidder-blows-25-million-deadline