“A group of investors from New York is offering to invest $13 million in Jerusalem’s Misgav Ladach hospital, but its special manager Doron Shorer will not discuss the offer’s details,” the investors’ representative Adv. Amos Ben-Tzur told “Globes” today.
Ben-Tzur said the investors will pay $8 million for the hospital and land, and will commit to continuing the hospital’s operation, instead of closing it as offered by one of the competitors for the deal, Naveh Sheva. The US investors will also invest an additional $5 million to develop the hospital for five years.
The investors are three haredi (ultra-orthodox) owners of a US consultancy firm that manages two hospitals in New York. Ben-Tzur declined to provide their names. He told “Globes” that the investors had submitted a proper bid to special manager Shorer, but charges that he has not been asked to meet Shorer and the bid was not included in the bids submitted to Jerusalem District Court president handling the case.
Shorer did not respond to the report by web-posting.
The main competitors for the bid to buy Misgav Ladach are contractors Reuven Ella and Moshe Sela, and the Naveh Sheva company. Ella and Sela offered to pay $12 million for the hospital, while Naveh Sheva is offering to lease the asset for 20 years, paying $11 million in rent in advance.
The Jerusalem District Court president ordered another session on the matter for Thursday, March 1. Representatives of the two companies are meanwhile continuing their meetings with Shorer on the matter.
Published by Israel's Business Arena on 26 February 2001