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Life Sciences
Cit Facilitates Sale of Victory Memorial Hospital In Brooklyn
August 3rd, 2008
CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, announced that it served as the Exclusive Real Estate Advisor to both Victory Memorial Hospital and its Official Committee of Unsecured Creditors in the sale of the hospital's main campus in Brooklyn, NY to Sunset LG Realty LLC for $44.9 million. The sale, approved last week by the United States Bankruptcy Court, includes the hospital's main campus site and two operating businesses – Victory's 150 bed skilled nursing facility and its 400 patient home health care business. New ownership is arranging for the continued operation of both of these programs, the hospital's clinics and other medical...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-03)
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