Just days after launching a surprise effort to buy Southern Regional Medical Center, Grady announced Tuesday that it has called off its bid for the struggling Clayton County hospital.
Southern Regional Medical Center
Grady Health System officials cited a tight time frame, mandated by a bankruptcy court, in their decision to back away from pursuing Southern Regional.
The decision by Grady’s corporate board means, in all likelihood, that the Riverdale hospital and its assets will go to California-based Prime Healthcare Foundation, which has offered $18 million. The bankruptcy court still needs to approve the sale to Prime at a hearing Thursday.
Grady made its bid Sept. 25, just before a deadline, with a proposal that was valued at $20.5 million.
“Grady was not originally invited to participate in the acquisition process before Southern Regional’s bankruptcy filing,’’ said Grady Health System CEO John Haupert in a statement Tuesday. “It was only very late in the process that Grady was made aware of the opportunity to participate.’’ full story
Three losing bidders have filed a protest over the state’s selection of vendors for a multibillion-dollar Medicaid and PeachCare contract.
Last month, four companies – Amerigroup, Peach State, WellCare and CareSource — were picked as winners of the contract to serve lower-income adults and children in Georgia.
The contract for the “Care Management Organizations’’ is worth an estimated $4 billion over six years. The launch date for the new contract is July 1.
But unsuccessful bidders Americhoice (a unit of UnitedHealthcare), Humana and AmeriHealth Caritas have appealed that decision by the Department of Administrative Services, which handles contracting in Georgia. full story
For men over the age of 50, prostate cancer is a real danger.
Dr. Vahan Kassabian
Yet it doesn’t receive the attention it deserves, according to a new GHN Commentary.
Atlanta physicians Vahan Kassabian, Bradley Carthon and Peter Rossi write that “except for skin cancer, prostate cancer is the most prevalent malignancy among men.”
They give guidance on what men should know about the disease – the risk factors and early detection.
Here’s a link to their Commentary.
Georgia Health News welcomes Commentary submissions. If you would like to propose a Commentary piece for Georgia Health News, please email Andy Miller, editor of GHN, at firstname.lastname@example.org
Acting just before a looming deadline, Grady Memorial Hospital Corp. has launched a surprise bid to acquire financially ailing Southern Regional Medical Center, Clayton County’s sole hospital.
Southern Regional Medical Center
The Grady proposal, valued at more than $20 million, sets up a bidding war between Grady and Prime Healthcare Foundation for the 331-bed Riverdale hospital and related assets.
California-based Prime signed a letter of intent in July to purchase the hospital, and that agreement was followed by the owner of Southern Regional filing for Chapter 11 reorganization in U.S. Bankruptcy Court.
Grady submitted its bid for Southern Regional on Friday, the last possible day for additional offers to be made. A bankruptcy court Wednesday moved the date of an auction for Southern Regional to next Wednesday, allowing the Grady bid to move forward.
Grady still needs approval of its corporate board in a vote that will take place Tuesday, in order for its bid to go to auction. full story
The Georgia campus of Philadelphia College of Osteopathic Medicine has been approved to launch a physician assistant program.
The two-year master’s degree program will begin next June, with 20 students in the first class. The Georgia campus of PCOM is in Suwanee, a northeastern suburb of Atlanta.
Physician assistants practice medicine with supervision by licensed physicians, delivering a range of medical services in a variety of settings.
The number of PAs in Georgia has increased by 67 percent over the past 10 years, now surpassing 3,000. Still, experts say there’s a shortage of them in the state. full story