email@example.com — A town hall meeting at Pauls Valley General Hospital Friday afternoon may have ended with almost more questions than answers, but it was made apparent quickly the fight to save the medical facility is far from over.
Mayor Tim Gamble and City Councilman Hal Blevins were on hand to answer questions, some of the first of which focused on why the name of the suitor for PVGH could not be revealed at this time. While he reiterated how it is due to a non-disclosure agreement where the party interested could not be named, he did note how it is another nonprofit hospital and a name would be revealed once the due diligence process to review all aspects of the hospital, yet to begin, is over.
“I was just so ecstatic that we had someone interested, I went along with whatever they asked,” said Gamble, noting how he also wasn’t sure why it had to remain a secret and it could be 90 days once the suitor starts requesting information. “We’re going through a new due diligence, with an entirely new hospital.”
Questions from staff members of PVGH included what the interested parties were looking for in order to convince them to purchase the hospital as well as how they would make it until then and Gamble noted aside from community support, the debt incurred over the years would need to be eliminated first. He added that the council and hospital authority are looking at getting a bridge loan/line of credit to be able to afford purchasing or fixing what they need to stay open.
“We can’t tell you the entire plan yet, but part of it has to do with our bankruptcy… the initial plan is to get a bridge loan to make sure we can stay open until the end of this year, which is when they anticipated taking over” said Gamble, adding an answer about equipment that needs to be fixed or purchased would be easier to handle with a loan. “That’s part of the bridge loan, to make sure we can be a hospital until the end of the year.”