News & Features » News

Hospital cure?

comment

Harris Rosen, the owner of the Omni Rosen and Clarion hotels, is looking to buy the bankrupt Princeton Hospital. "The key is to acquire the hospital for a price that will enable us to do innovative things and cut the hospital's expenses and costs dramatically and then generate a positive cash flow," he told the Orlando Business Journal. "This is a hospital which has been badly abused."

The 150-bed hospital on Mercy Drive, one of Orlando's last independent hospitals, filed for bankruptcy last month. Its top staff left last year and it has faced dwindling patient loads as competition from the Adventist Health System, Orlando Regional and Columbia HCA has heated up. Those big three respectively control 43, 31 and 21 percent of the market, according to Medical Industry Today.

Princeton is currently $56 million in debt. Rosen has said his proposed deal hinges on eliminating that debt. He says he wants to manage the hospital like his hotels: fill the beds, even at cut rates. Princeton officials hope to emerge from bankruptcy next summer.


We welcome readers to submit letters regarding articles and content in Orlando Weekly. Letters should be a minimum of 150 words, refer to content that has appeared on Orlando Weekly, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at feedback@orlandoweekly.com.

Orlando Weekly works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Central Florida.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Orlando’s true free press free.