After the announcement by the Liberal govenrment that they would spin work off from hospitals to private clinics, Centric, a corporation with other private facilities in Canada, has now moved in with plans to buy the Shouldice Hospital in Toronto. Shouldice is an 89 bed, five operating room hospital in Toronto with a staff of 160. The sale price is $14,250,000. Shouldice Hospital The largest shareholder of Centric is Global Healthcare Investments & Solutions, Inc., based in the USA. Global Healthcare's CEO formerly led one of the world's largest healthcare corporations outside the USA, Netcare. The Liberal government had said they would turn work over to not-for-profit clinics only. Centric however is a for-profit corporation listed on the Toronto Stock Exchange. The takeover is still subject to government approvals. Centric notes that if all closing conditions are satisfied, closing is expected on or before O ctober 15, 2012. A Shouldice insider rep
Notes from Leftwords -- Doug Allan