St. Vincent's Inks $260M Sale To Real Estate Kingpin

Law360, New York (April 8, 2011, 3:29 PM EDT) -- A bankruptcy judge in New York on Thursday approved the $260 million sale of St. Vincent’s Catholic Medical Centers to a real estate developer, shunning claims that the Chapter 11 sale ignores lower Manhattan’s need for a full-service hospital.

Judge Cecelia G. Morris of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of the bankrupt medical center’s Manhattan campus to prominent New York landlords the Rudin family,    which runs which runs which runs Rudin Management Co. Inc., as well...
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