Breaking News!!: Needles, CA: Documents signed and escrow closes on Colorado River Medical Center Friday.
At today’s special Board of Hospital Trustees and Needles City Council meeting, members voted to approve the Resolution No. 2013-20 approving a Second Amendment to Asset Purchase Agreement by and among the City of Needles and Needles Municipal Hospital aka Colorado River Medical Center and Community Healthcare Partner Inc. and authorizing and directing other actions to effectuate the “Initial Closing” on the sale of Needles Municipal Hospital.
The signing of the documents lead the way for escrow to closes on Friday for the sale of Colorado River Medical Center and estimated $2.2 million dollars will be paid to the City of Needles and immediately released upon the completion of subject transaction.
Those in the attended congratulated Bing Lum of Community Healthcare Partner Inc. for hanging in this long to buy the hospital.
** More information is still coming into ZachNews and is being posted as fast as possible including the video from the meeting. **