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Baptist Purchase Of West Florida Hospital A Dead Deal
January 2, 2009
The $245 million dollar purchase of West Florida Hospital by Baptist Health Care is a dead deal.
A statement released Thursday by Baptist says the deal was the victim of a weak national economy and the financial meltdown that left the hospital unable to obtain financing for the purchase.
Hospital Corporation of America, the parent company of West Florida, notified Baptist on Thursday that it was exercising a contact option to terminate the sale. HCA says that West Florida is no longer on the market.
Closer to North Escambia, Baptist operates Atmore Community Hospital, Jay Hospital, Century Family Practice and Lakeview Center in Century.
Pictured above: Artist rendering of the new cancer center that was to be located at the new location of Baptist Hospital on Davis Highway.
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