NYDailyNews.com, September 14, 2011

Even after avoiding closure, Peninsula Hospital still has a long road to recovery, the new stakeholders of the facility said Monday. Officials with Revival Home Health Care, the white knight that is investing in the embattled Far Rockaway hospital, laid out plans for what it will take for a complete turnaround. "The only way we are going to stay open is with increased admissions," said Todd Miller, the chief restructuring officer for Peninsula. Revival extended an initial $8 million lifeline to Peninsula to continue operations. The number of patients admitted as of yesterday was "hovering around the 60s," he said - less than half of its 173 bed capacity. A Chapter 11 bankruptcy filing will be part of a larger reorganization plan, Miller said, adding that with each day, Peninsula incurs "substantial losses." "I don't want to underestimate the amount of work that needs to be done," Miller cautioned.

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