St. Dominic signed a letter of intent to purchase then-closed Madison Ambulatory Surgery Center in Canton, Miss., for $800,000. St. Dominic sought a certificate of need to reopen the ASC, but MASC’s owner put the facility back on the market 57 days after the letter was signed, ultimately selling it to Naples, Fla.-based Health Management Associates.
A Madison County court ruled the letter of intent was nonbinding, allowing MASC to seek new buyers after the 30-day window expired. St. Dominic appealed the decision, arguing the letter was a form of a contract.
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