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Jen Steele
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FAYETTE REGIONAL AUCTION CANCELLED DUE TO LACK OF QUALIFIED BIDDERS

(Connersville, IN)--Thursday’s auction of Fayette Regional Health System was over before it began.  The auction was called off because no entity submitted a qualified bid that was high enough.  One condition of the bid is that it would need to cover the Connersville hospital’s liabilities, which includes about $16 million to one bank.  Now, negotiations will be renewed with interested parties.  Reid Heath officials had toured Fayette Regional in advance of the scheduled auction, but declined this week to publically address its level of interest.

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