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Staff Wants to Save Medical College of Pennsylvania.
Knight Ridder/Tribune Business News, March, 2004
By Karl Stark, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Mar. 26--The medical staff at MCP hospital knows the facility is ailing, but they see a remedy: Buy it themselves.
"We can run it better," said cardiologist Nancy Pickering, a leader in the fight to save the Medical College of Pennsylvania hospital, currently set to close by June 30.
Pickering and her colleagues have assembled a management team experienced in turning around troubled hospitals such as MCP. She is negotiating with a bank for a $20 million loan, assembling a board of directors and is expecting today to begin reviewing the hospital's finances.
How can the doctors succeed where the current owner, Tenet Healthcare Corp., the nation's...
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