ProMedica committed to working with Coldwater hospital buyer, but there’s no plan B

While Toledo, Ohio-based ProMedica says it is fully on board with a proposal for Los Angeles-based American Healthcare Systems to buy its Coldwater (Mich.) Regional Hospital, there is little to fall back on if the planned deal fails to get over regulatory hurdles, according to a July 14 The Daily Reporter article.

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Hospital president Alan Sattler said final approvals are expected in the fall but, if the American Healthcare Systems deal doesn’t go through, ProMedica would not leave the Coldwater community without a plan for any eventual transition even if there is no such plan currently.

“I don’t know what we’ll do,” Mr. Sattler said in the event of a failed deal. “But we’re not going to just pick up and go willy nilly. We’ll have to figure it out, plan B. I don’t know what Plan B is.”

American Healthcare Systems revealed May 24 it is the planned buyer of the Coldwater facility, one of multiple hospitals it is seeking to acquire.

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