Group May Make Rival Bid For St. Vincent Facility

Law360, New York (March 25, 2011, 6:06 PM EDT) -- A group that includes a New York City councilman on Wednesday opposed St. Vincent Catholic Medical Centers' bid for bankruptcy court approval of the sale of its Greenwich Village, N.Y., facility to a real estate developer for $260 million.

The Objecting Alternative Purchaser Group, which consists of council member Alan J. Gerson, attorney Dudley Gaffin and Dr. Robert Adelman, filed an objection with the U.S. Bankruptcy Court for the Southern District of New York, arguing that the sale does not take into account that residents and...
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