Published On: Wed, Sep 30th, 2015

Grady jumps into bidding for Southern Regional

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Acting just before a looming deadline, Grady Memorial Hospital Corp. has launched a surprise bid to acquire financially ailing Southern Regional Medical Center, Clayton County’s sole hospital. The Grady proposal, valued at more than $20 million, sets up a bidding war between Grady and Prime Healthcare Foundation for the 331-bed Riverdale hospital and related assets. California-based Prime signed a letter of intent in July to purchase the hospital, and that agreement was followed by the owner of Southern Regional filing for Chapter 11 reorganization in U.S. Bankruptcy Court.

Source: Grady jumps into bidding for Southern Regional | Georgia Health News

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