State officials reached an agreement with Fortis Property Group for its $240 million proposal for LICH.
The charter network is planning to open new schools in Manhattan, Brooklyn, Queens and The Bronx.
All 64 SUNY campuses will adopt state-wide standards to combat sexual assault and violence.
NYU Langone Medical Center will serve as the facility's operator, officials announced.
NYU Langone Medical Center's decision to pull out of the deal leaves the hospital's fate uncertain.
Labor unions said SUNY and the bidder have violated the terms of a court-ordered settlement agreement.
Fortis and NYU Langone Medical Center's proposal will not provide a full-service hospital at the site.
Fortis Property Group and NYU Langone Medical Center are currently negotiating with the state.
An emergency room doctor who was laid off told the mayor to "man up" to keep the hospital open.
The state will immediately begin negotiations with Fortis Property Group and NYU Langone Medical Center.
The hospital will stay open after advocates struck a last-minute deal to maintain services.
The State University of New York agreed to maintain some medical services as negotiations continued.
Judge Johnny Lee Baynes told the top bidders to work together to save LICH's medical services.
The state will begin negotiations with the Peebles Corporation, which did not propose a full hospital.
De Blasio raised concerns on Brooklyn Health Partners' ability to uphold healthcare services at LICH.
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