The plan does not guarantee that the Cobble Hill hospital will be saved from closure but officials say they in discussion several potential operators.
"We're going to be talking to those five institutions and see where the real interest is and see if something can be done," Dr. John Williams, president of SUNY Downstate, reportedly said.
SUNY has asked for $150 million to save the system.
The proposed network, presented by SUNY Downstate to the Board of Trustees on Tuesday, would restructure their teaching hospital, University Hospital of Brooklyn, making it smaller and more efficiently run, officials said, according to reports.
It would also allow the hospital to focus on acute care and transfer outpatient services to primary care clinics and home visits.
If approved, SUNY's plan could create about $435 million in new state aid for SUNY and the network of hospitals over four years, according to a Wall Street Journal analysis of the proposal, and the plan will go into effect June 15.
If it is not approved, Downstate’s hospitals might face closure.