The Louisiana Catholic nonprofit primed to purchase the Gulf Coast’s Singing River Health System will not be moving forward with the deal. Singing River and Franciscan Missionaries of Our Lady Health System announced they were terminating negotiations in a press release. The two companies claimed it was a joint decision. “Both parties engaged in extensive negotiations in an effort to reach an agreement, but ultimately, consensus could not be achieved,” the release reads. It’s not clear what led to the breakdown in discussions. The announcement is the latest development in a saga that’s been surprising from start to finish.
Read the full article: Singing River and Potential Buyer Terminate Negotiations in Hospital Sale //