The cost of Victory: Hospital sells for $45M

The Brooklyn Paper
Share on TwitterTweet
Share on Facebook

Don’t miss our updates:

A local businessman paid $45 million for Dyker Heights’ ailing Victory Memorial Hospital at an auction this week.

Gabi Saadia offered the staggering sum for the soon-to-close medical center on March 31. The remainder of the hospital’s $90-million debt will be slowly paid off by Saadia, said Tim Walsh, a lawyer for Victory.

“The good news is that it’s not going to become condos,” said Bill Guarinello, chairman of the beleaguered hospital’s board. “It’s going to remain healthcare related.”

The 243-bed hospital filed for bankruptcy in 2006, and a state commission subsequently recommended that it be shuttered.

Since then, the 108-year-old hospital has laid off employees, lost its ambulances, and terminated its maternity unit — where hospital supporters state Sen. Marty Golden (R–Bay Ridge) and Councilman Vince Gentile (D–Bay Ridge) were born.

The hospital will shut its ER and end in-patient care on June 30, but “but the nursing facility will remain open [under the new owner],” said Jeremy Johnson, another lawyer for the hospital, which is on 92nd Street.

Updated 4:01 pm, November 10, 2010
Today’s news:
Share on TwitterTweet
Share on Facebook

Don’t miss our updates:

Reasonable discourse

timothy from crew says:
A hospital is ready to sell,if one interested please contact us.the cost of hospital is $45M.If any one interested please Con tack the number 9912217831.

[url=""] [/url]
Sept. 30, 2008, 2:01 am

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

Don’t miss out!

Stay in touch with the stories people are talking about in your neighborhood:

Optional: Help us tailor our newsletters to you!