New Orleans hospital sale hinges on price
New Orleans Mayor Ray Nagin expressed optimism that the city will find a way to buy Methodist Hospital and restore much-needed healthcare in eastern New Orleans, but he cautioned that his administration is leery of paying too much. "I can't in good conscience pay fair market value for a shuttered hospital," Nagin said, offering an update on negotiations with Universal Health Services, owner of the hospital and two nearby facilities that have been closed since Hurricane Katrina. Nagin said the hospital's owners rejected an original city offer of $15 million as well as a subsequent offer of $30 million.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Nonprofit Hospital Outlook 'Negative' in 2014
- The Most Polarizing Topics in Healthcare IT
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Are ACOs Really Different from HMOs?
- Rise of the Chief Strategy Officer