The Bowie Memorial Hospital Board voted today to discontinue negotiations with The Brough Group for sale of the hospital as the company has been unable to fulfill any of the financial requirements in the proposed sales contract.
Following a brief 45-minute executive session the board voted to open the sale of the hospital up to other options. Board members said this could include the other bidder or any new prospects.
Trustee Ward Wallace said in making the motion the hospital has been working with the Brough Group the last 45 to 60 days and the escrow requested by the sales contract has not been funded, so the hospital will look to other avenues to provide health care in the community. The company had been requested to put up “good faith” funds in an escrow account, but has missed each deadline.
Earlier in the meeting Administrator Lynn Heller said the Brough Group had met none of the funding requirements or provided any proof of its financial capabilities, per the sales contract proposal negotiated by both sides.
Read the full story in the weekend News.