It is truly interesting how a medical office building can go from 54,000 sqft to 83,000 in a single bound...err...article. Also, from $6M (Sep figures) to $13M is quite a cost overrun. (Same paper--and the fact checkers are where???) I wonder if the purchase provisions reflect that? You know, the ones that say Essent has to pump in x-dollars into the facility. Well, looks like they managed to dodge the bullet and pick up some pocket change. Probably to pay for the same at Ayer. Maybe they'll sell to the same anonymous group...after settling the lawsuits.
Hospital loses boss, looks for another
It would appear that Essent has another interim CEO in one of their facilities.... The CEO of Merrimack Valley Hospital is leaving to take a COO position with a not-for-profit. Maybe he got tired of playing cheap-to-keep with Essent...and it only took 17 months. If the position is over the corporate operations, it would be a move up--if just a hospital, it's movin' on down....This isn't the first Essent exec that has jumped to a NFP hospital. Several have made the transition. Maybe after Essent they had to pay penitence...or just get the taste out of their mouths.
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