MSMC Management, the company seeking to buy MetroSouth Medical Center, was convened by emergency room physician Seth Guterman, MD. He told The Beverly Review the groups had agreed on a purchase price, but Quorum “suddenly deviated,” and required a $1 million nonrefundable deposit, according to the report.
“For current ownership to portray ethical intent, while systematically dismantling the services and infrastructure of what could be a financially thriving hospital, underscores the issues we encountered in our negotiations,” Dr. Guterman said in letter, according to The Beverly Review. “Ultimately, we believe Quorum Health was not intent on selling us the hospital.”
Quorum officials told The Beverly Review in a statement that the company could not discuss details of the negotiations, but that it was unable “to agree to terms with any buyer willing to commit to a binding transaction that would continue to operate MetroSouth.”
The hospital is slated to close Sept. 30.
Read the full story here.
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