As you know here is some more dirt on Gil:
Notice he wont take responsability for this screw up either.
Like Doctors Hospital, it's unlikely Edgewater will operate again as a hospital because buyers aren't interested in taking on the debt brought on by the fraud allegations amid a difficult market for hospitals. Prosecutors say 72-year-old Edgewater also needs capital improvements to bring certain facilities in the hospital up to federal and state health codes.
"Edgewater is out of cash," Braley said. "The trigger was the fact that the sale did not go through."
Lawyers for Vital Community Health Services Inc., parent of Edgewater and Grant, said GSI Securitization Inc. of Princeton, N.J., did "not perform a material portion" of the purchase contract.
GSI President Gil Slaton disagreed, saying a "dispute arose" about how the down payment would be made for Grant. Slaton said GSI still is interested in buying Grant and is scouting for other opportunities to buy hospitals in the area.
