The city is currently negotiating with another hospital operator to manage the hospital. City officials have said the hospital should reopen by 2013, and emergency services could return as early as this year. The redevelopment costs are estimated to be around $110 million, according to the report.
The deal brings an end to nearly two years of discussions between the city on UHS on the future of the hospital. Earlier this month, the city offered $9.7 million for the facility, but UHS rejected the bid calling it too low.
Read the Times-Picayune report on Methodist Hospital.
Read other coverage on Methodist Hospital.
– Universal Health Services and New Orleans Fail to Reach Deal Regarding Vacant Methodist Hospital
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