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Monday, April 28, 2008

Solaris rushing to head off buyer?



Plainfielders following the attempt by Solaris Health System to close its Muhlenberg hospital operation may be aware that there is a buyer in the wings.

However, I am hearing that in the rush by both Solaris and the State to close the hospital, the potential buyer -- Pine Creek Healthcare Capital, of Nashville, TN (more about them here) -- is not being allowed the time necessary to do due diligence.

The more I hear, the more unseemly the rush by Solaris appears.

I hope the possible buyers are willing to do what is necessary to get to an offer on the table -- including going to court for an injunction to stop the clock so they can do their due diligence.

And the City Council, the Mayor and our legislative delegation ought to support this effort.

"Buying a hospital," as the old saying goes, "is not a tea party."



-- Dan Damon

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