Hospital Center of Excellence (HCOE) has failed to obtain adequate funding commitments to save St. Mark’s Medical Center (SMMC). In June, HCOE signed a term sheet with SMMC that laid out specific terms that both SMMC and HCOE would meet, including bringing $8.5 million in private funding, to complete a change in management that HCOE believed would be necessary to change the trajectory of SMMC…
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