Bayview Hospital changes hands

 

1209_Bayview-450x350 The deal is now signed.

After several months of negotiations and a two-year market search, BayView hospital is about to change hands.

Directors of the private health care facility have concluded a $5 million plus agreement for its sale to a local consortium, led by businessman Peter Harris.

The deal, which is expected to be finalized over the next three months, was initialled by Harris earlier this week in his capacity as chairman of VKC Inc., along with directors of BayView Hospital Limited and Bay Cottage Holdings limited, owners of the four-acre-plus Beckles Road, St Michael property.

Chairman William Duguid could not be reached today for comment and, when contacted, director Dr Shirley Jagaroo said she could not speak on the matter.

However, in confirming the development, Harris, who has an interest in the Diagnostic Radiology Group –– which operates from Sandy Crest, St James; Coverley, Christ Christ Church; and Beckles Road, St Michael –– said he was partnering with leading gastroenterologist Dr Kwame Connell on this latest commercial venture.

Harris has promised that the same high quality and professional health care, on which BayView has earned its reputation over the past 24 years, will be maintained.

He also said that with the change of ownership, there would be no name change and that current staff complement at BayView would be retained.

However, the 11-room private facility (which includes seven private rooms and four semi-private rooms) is to be expanded over the next 12 to 24 months.

Since 2010, BayView has been on the selling block, but previous efforts to seal a deal have fallen through. Earlier this year, a company headed by cardiologist Dr Alfred Sparman made an unsuccessful bid for the hospital, which has been operated by a consortium of 16 doctors. Before that, another group of private doctors had also made a play for ownership of the medical facility. (KJ)

3 Responses to Bayview Hospital changes hands

  1. Princess Tiny Neferua
    Princess Tiny Neferua December 20, 2013 at 5:50 am

    Good for you Pater Harris…from insurance to medicine…it’s always good to have a vision…

    Reply
  2. Suzanne Nurse
    Suzanne Nurse December 20, 2013 at 6:09 am

    hope this works out for patients and staff alike….and indeed all stakeholders

    Reply
  3. Tony Webster December 20, 2013 at 7:59 am

    Vision, of the most elevated kind, will always be the engine that builds this country. One needs also to acknowledge, and to honor, the men and women of great vision, who risked and invested to create BayView, in the first place! I especially have in mind, our very own Mr. Arthur R. Edghill, F.R.C.S.s. and the fine medical and nursing team that have made it an indelible part of clinical heath care in Barbados. They certainly took great care of me c.2002, when I was there…hanging by a thread. Nuff repect, and thanks, is due, both to the original investors, and to the new.

    Reply

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