Hospital deal dies a second time
The City of Maricopa’s plans for a second hospital and medical complex have fallen through a second time. Ricky Horst, the City of Maricopa’s chief strategy officer who last week retired as city manager, confirmed today that on Monday he represented the city in terminating an agreement with hospital developer Phoenix-based S3 Biotech.Horst’s letter to representatives of S3 Biotech basically states the company was not meeting the terms of its purchase and sale agreement with the city.“The funding commitment letter does not provide the level of assurance we seek, especially considering t...