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Statement from Doug Shaw, CEO of Mad River Community Hospital, announcing end of negotiations with Southwest Healthcare Services, LLC:

On January 29, 2024, Mad River Community Hospital leadership and Southwest Healthcare Services, LLC (“Southwest”) elected to terminate the letter of intent executed in June 2023 regarding Southwest’s potential acquisition of the hospital and its related clinics.

We know the uncertainty surrounding a potential transition was of concern to our employees and providers, and we hope our announcement today will provide reassurance and bring some measure of relief.  

While we know it is a challenging time for rural hospitals, we remain committed to doing what is best to support our employees, community, patients, and hospital.  The hospital’s legacy is my father’s legacy.  It remains my focus and passion.  To that end, we have and will continue to make significant investments in our people, our equipment, and our facilities, all to ensure our hospital’s future success and stability.

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PREVIOUSLY:

• BREAKING: Mad River Hospital Announces That It’s Looking to Sell to Arizona-Based Hospital Company
• Who is Precious Velvet Mayes? TV Producer, Soap Star and Likely Next CEO of Mad River Community Hospital.
• Bounced Paychecks, Bumpy Care and Bankruptcy: Examining the Track Record of Mad River Hospital’s Potential New Owners
• Chief Exec of Mad River Hospital Unexpectedly Ousted; Talks Continue for Potential Sale to Arizona Company