India may invest in Pr. George's hospital
Dimensions Healthcare System has lined up an investment team from India to purchase the troubled Prince George's County hospital system, according to members of the hospital management organization and officials familiar with negotiations, The Gazette reports.
"These guys from India have gotten the money together. They've audited the financials," a county official familiar with the offer said. "And they are waiting to act."
Sources say if the deal goes through, Dimensions would continue to manage the medical system, which has been at the brink of bankruptcy since 1995, losing about $12 million per year, in part, because of a large number of uninsured patients. About 25 percent of the system's 180,000 annual patients are uninsured.
Three sources in Dimensions' corporate office, who asked not to be named because they did not have permission to speak publicly about the proposal, confirmed the company is pursuing the Indian investment group. They declined to provide further details because it could damage negotiations.
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