St. Vincent's $34M Sale Of Nursing Home OK'd

Law360, New York (August 11, 2011, 7:20 PM EDT) -- A judge involved in the ongoing St. Vincent's Catholic Medical Centers bankruptcy on Wednesday approved the hospital's sale of Staten Island, N.Y., nursing home St. Elizabeth Ann’s Health Care and Rehabilitation Center to a stalking horse bidder for $34 million.

U.S. Bankruptcy Judge Cecelia G. Morris granted approval of the sale, “having determined that the relief sought in the motion is in the best interests of the debtors, their estates and creditors, and all parties-in-interest and that the legal and factual bases set forth in the...
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