Brookdale has been in the red for years. The state tried to help it by merging it with Kingsbrook medical center which was in the black, but just barely. Kingsbrook knew that if they merged with a sinking ship that it will lead them into failure so they told the state that they agree to the merger only after brookdale pays off all its debts (knowing all too well that brookdale can't do that).
Because of this, brookdale is slowly sinking and Kingsbrook was denied some state assistance. Now I hear that Kingsbrook is about to lay off 200 of its staff. Kingsbrook is small and a 200 staff reduction is the beginning of the end. Their CEO is about to jump ship and retire as well