Court rules in clinic dispute involving St. Dominic, HMA
Published: May 19,2013
Tags: acquisition, appeal, bench, buy, case, clinic, court, decision, health, health care, hospital, judge, lawsuit, medical, medicine, motion, public health, purchase, ruling, sale, sell, stay, trial
CANTON — The Mississippi Supreme Court has granted a motion from St. Dominic Health Systems to dismiss its appeal of a judge’s order that it did not have a binding contract to buy an outpatient surgery clinic in Canton.
The dismissal order was made public by the court late last week.
St. Dominic had argued that a Madison County judge acted hastily in ruling that its letter of intent did not obligate Madison Ambulatory Surgery Center to be bought by the hospital.
St. Dominic said it had agreed in the letter to a sale price of $800,000. Although the center was no longer in operation, St. Dominic would obtain the certificate of need for running an outpatient surgery center.
St. Dominic sued when MASC’s owner put it back on the market 57 days after the letter was signed because the sale was not completed within 30 days. The owner decided to sell to Health Management Associates, a St. Dominic competitor.
A Madison County judge ruled the letter of intent did not bind MASC to sell to St. Dominic.
St. Dominic said that the letter of intent amounted to a contract and that the only way to examine the intent of those who signed that contract is to hold a trial.
MASC attorneys argued the letter lacked definite terms to be legally thought of as a contract.
MASC argued the letter of intent guaranteed only that the two companies would continue negotiating later, not a sale.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Two BancorpSouth mergers delayed by federal inquiries
- Severstal selling plants, including Severstal Columbus
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- Police find Attorney General Hood's stolen handgun
- Moon River Foods creating 100 jobs in Mississippi Delta
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Pickwick Pines settles lawsuit; pays $260K
- Communities awarded national Main Street accreditation
- MSU sets new annual fundraising record of $106M-plus