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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Thousands of acres of Delta farmland to go on auction block
- CSpire offering 1Phone 6, IPhone 6 Plus on Sept. 19
- Officials set hunting dates for birds; expands dove season by 20 days
- Board files suit against VA over release of patients' names
- MBJ's Business Marketplace set for Sept. 19 at Mississippi's Trade Mart
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Mississippi sounds coming to Americana Music Festival & Conference
- State's corn crop could set new yield record
- Report ranks state schools' performance 51st in the nation