St. Vincent's To Sell Manhattan Hospital For $260M

Law360, New York (March 11, 2011, 9:12 PM EST) -- Bankrupt hospital system Saint Vincent Catholic Medical Centers asked for court permission on Wednesday to sell its 160-year-old Greenwich Village, New York, facility to a real estate developer for $260 million.

An affiliate of the prominent New York landlord Rudin family offered $260 million for the bulk of the St. Vincent's property, which it intends to convert into apartments and townhouses, while another portion of the property would continue to provide health care, according to a motion filed in the U.S. Bankruptcy Court for the District...
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