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SUNY Downstate calls off deal with Long Island College Hospital bidder

Officials are continuing their effort to sell the

Officials are continuing their effort to sell the struggling Cobble Hill hospital. (May 29, 2014 9:50 AM)

Another potential takeover deal for Long Island College Hospital has fallen through.  

SUNY Downstate announced that it cut off talks with their second choice bidder, the Peebles Corp., which was reportedly planning on purchasing the cash-strapped hospital for $260 million. 

According to a SUNY spokesperson, negotiations were called off because Peebles dramatically changed...

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