he did have a massive sale, that hospital 50% off sale a month or so ago. I guess another distro / store bought a lot of the hospital stock. I doubt he needed to "flee" or anything, rent is probably outlandish in Manhattan and he probably wanted to leave before the shop started to cost him more money than it was worth for rent / utilities / buying stock.
sad to see it go (before i got to see it!), but good for him, now he can focus entirely on maintaining the excellence of his label.