METRO BOONDOGGLE BONDS SOLD

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March 29, 2005

Metropolitan Health Corporation CEO Doug Faas announced that on Tuesday, March 22nd the hospital sold $135 million in municipal bonds to private investor. The new funds will rescue the moribund Metropolitan health park in Wyoming. Last year the hospital halted the health park project in the middle of construction, because it ran out of money amid other troubles. Let's hope all the jobs Faas had to ax to pay for these bonds -- jobs that had made Metropolitan an excellent provider of routine healthcare services -- are worth the investment in this dubious project.

Posted on March 29, 2005 at 12:50 PM in Hospitals & Healthcare | Permalink

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