Fact: Our Hospital Was Sold---Anderson Was Wrong--Apology to Lakewood Voters Expected
Posted: Tue Oct 18, 2016 2:40 pm
It has been a week since David anderson made false claims about my article: “State Auditor Report Confirms Cleveland Clinic Paid $9.6 Million, A Fraction Of Hospital Value, For Lakewood Hospital”
David Anderson has offered no evidence to counter any of the facts in my article that was based on verified documents.
Anderson’s First False Claim: “First off, the City of Lakewood did not sell the hospital.”
The Facts: It’s a fact that the hospital was sold to the Clinic—proof comes directly from the State Auditors’ Report, LHA's audited financial statements, the Master Agreement, and the Ohio Secretary of State’s records. The Clinic bought the hospital’s holding company, LHA, including all goodwill and property used in the operation of the hospital. LHA is now a wholly owned subsidiary of the Clinic. The Clinic is operating their ER--it is not ours anymore. The Clinic paid just $9.6M. The only thing they didn’t buy in the sale was the “mothballed” gutted building.
Anderson’s Second False Claim: “Secondly, the 2015 CAFR, which is sited [sic] by Mr. Essi as a base for his false headline, only recorded the cash transactions that occurred on or prior to December 31, 2015. Lakewood did not take back the properties (back on the City’s books from when these went off in 1987) until early 2016.”
The Facts: The State Auditor's Report together with documents from the Zupka CPA that worked for the State Auditor were posted last week and verify what I wrote in my article. Those verified accounting documents confirm that Mr. Anderson’s second claim was false. It is a fact that he properties were taken back in 2015 and 2016 and were included in the 2015 CAFR. It is a proven fact from the verified documents that Clinic paid only $9.6M.
David Anderson owes a retraction and an apology to Lakewood voters.
And it should come before November 8th.
David Anderson has offered no evidence to counter any of the facts in my article that was based on verified documents.
Anderson’s First False Claim: “First off, the City of Lakewood did not sell the hospital.”
The Facts: It’s a fact that the hospital was sold to the Clinic—proof comes directly from the State Auditors’ Report, LHA's audited financial statements, the Master Agreement, and the Ohio Secretary of State’s records. The Clinic bought the hospital’s holding company, LHA, including all goodwill and property used in the operation of the hospital. LHA is now a wholly owned subsidiary of the Clinic. The Clinic is operating their ER--it is not ours anymore. The Clinic paid just $9.6M. The only thing they didn’t buy in the sale was the “mothballed” gutted building.
Anderson’s Second False Claim: “Secondly, the 2015 CAFR, which is sited [sic] by Mr. Essi as a base for his false headline, only recorded the cash transactions that occurred on or prior to December 31, 2015. Lakewood did not take back the properties (back on the City’s books from when these went off in 1987) until early 2016.”
The Facts: The State Auditor's Report together with documents from the Zupka CPA that worked for the State Auditor were posted last week and verify what I wrote in my article. Those verified accounting documents confirm that Mr. Anderson’s second claim was false. It is a fact that he properties were taken back in 2015 and 2016 and were included in the 2015 CAFR. It is a proven fact from the verified documents that Clinic paid only $9.6M.
David Anderson owes a retraction and an apology to Lakewood voters.
And it should come before November 8th.