A group of physician-businessmen in Atlanta has bid $14.8 million for bankrupt Southwest Hospital and Medical Center, taking the first step toward saving a 100-year-old facility that shut its doors in January. A federal bankruptcy court must approve the bid, which was accepted earlier this week by hospital officials. The group of about 15 physicians who are leaders of the Atlanta Medical Association reportedly raised about $1.5 million for a deposit on the hospital, one of only a few in America historically owned by African Americans. The group plans to build a new facility on the hospital's current site and open as a for-profit facility within a couple of years, according to Titus Duncan, a leader of the investment group and president of the Atlanta Medical Association. -- by Michael Romano
Atlanta physicians bid to save historic hospital
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.