LHA Chair Tom Gable Puts LHA Trsutees In Jackpot

[Brian Essi]

LOI surgical development partners 850 columbia rd.pdf

(1.56 MiB) Downloaded 167 times

The attached offer to purchase Lakewood Hospital's Columbia Road facility is higher than CCF's offer.

Note on page 6, that the President & CEO of Surgical Development Partners (SPD) wanted to discuss with LHA Chairman Tom Gable "potential structures, plan or uses for the Lakewood Hospital main campus."

I have independently verified that SPD is interested in Lakewood Hospital.

So we have a potential better offer for Columbia Road and a potential partner or buyer for Lakewood Hospital, but Tom Gable refuses to engage with them.

So even though Gable and LHA Trustees are duty bound to operate a hospital and/or obtain the best prices for LHA assets, Gable is refusing to consider any alternatives besides giving CCF a gift.

Please remember that Gable was the guy who told a City Councilmember in late 2013 that LHA and CCF would be proposing and FHC to replace the hospital--that was before the bogus RFP process even started.

[cameron karslake]

Let's not forget that the gift to CCF is upwards of $100 million in hospital assets should the "good news" come to pass AND that this also translates into over $250 million/yr in lost economic activity for Lakewood as a whole. In other words, it's a $350 million loss the first year, and $250 million loss from then on.

$350 million in exchange for a $35 million "investment" by the CCF doesn't sound like "good news" to me but it does to our mayor, wow!

Talk about a gift that keeps on taking!