Thanks to Mary Frost, of the Brooklyn Eagle, we now have a detailed chronology, with links to Eagle stories giving further information about each incident, of the steps leading to and following the sale of Long Island College Hospital.
Despite the money SUNY received from the sale of LICH, SUNY Downstate continued to have financial difficulties. The New York Post reports that State Comptroller Thomas DiNapoli has faulted “lavish travel, lodging and dining expenses” paid to consultant Pitts Management Associates, Inc., which was hired to help SUNY Downstate reorganize itself in order to cut costs. Pitts’ website includes an endorsement from SUNY Downstate’s President, Dr. John “Skip” Williams:
I believe SUNY Downstate might be closed today if it hadn’t been for the activities PMA initiated and provided for us. With your help we were able to work our way out of a substantial deficit position, establish financial controls, develop financial statements, and reorganize physician compensation and the supply chain function. Within one year of partnering with PMA, our hospital took in over $30 million in profit after years of closing the fiscal year in debt.
Dr. Williams became President of SUNY Downstate in August of 2012. The decision to close and sell LICH followed in February of 2013.