Apparently, Essent seems to want to weasel out of the new hospital in Ayer.... The CEO of NVMC is quoted as saying that their 1.9% profit is not enough to justify the endeavor. (Where does that put Haverhill?) Personally, I wouldn't say that even a 2.5% would be enough to dump in 50Million, but what do I know....
They are trying to get a 20 year tax abatement, but wasn't this all taken into account when they purchased the hospital? Sounds like a new Essent strategy--be prepared, you other locations, the abatement train may be pulling in sooner than you think!
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