Bay Medical Center Possible Second Partner

Bay Medical Center Board of Trustees will discuss a second possible partner Thursday.

In August, hospital officials announced a tentative deal with Sacred Heart Medical System out of Pensacola. Now a Brentwood, Tennessee company called regional care hospital partners has submitted an unsolicited bid to lease Bay Medical.
The bid is $200 million dollars, $45 million higher than Sacred Heart’s bid, but Bay Medical Administrators say price will not be the only consideration.

Bay Medical’s Board of Trustees has already approved the decision to lease the hospital, but not a lease agreement. The board meets Thursday morning.

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  • by Chuck Location: Chipley on Sep 28, 2011 at 09:21 PM
    I hope they will keep under concideration the employees with both these offers. The employees already have sacerficed a lot to stay with Bay Medical. They said we would keep our jobs and not loose our retirement. With a new investor we hope to work 80 hr. paydays again. along with pay cuts,shift differincial cuts and waqe freezes it had to keep paying bills. We all want the hospital do well but we have to survive also.
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