A deal to sell Woman’s Hospital’s old campus on Goodwood Boulevard has fallen through, and the property is again on the market.
Commercial Realtor Beau Box said Monday he could not discuss any details of what happened to the proposed purchase and when the deal fell through with The Physicians Alliance Corp., a private, mostly physician-owned group.
“It’s back on the market. It is for sale, and we are actively marketing it,” Box said.
He said the Goodwood campus is still drawing interest from a number of out-of-state buyers, although he could not disclose those companies’ names.
The Physicians Alliance announced the sales agreement with Woman’s in late May. The Physicians Alliance Corp. was to take possession of the property through an affiliated corporation called TPAC Holding LLC, once Woman’s moved to its new campus at Pecue Lane and Airline Highway. The move occurred Aug. 5.
Dr. Kenneth C. Cranor, president of The Physicians Alliance, could not be reached for comment Monday.
Woman’s Hospital referred questions to Box.
Neither Woman’s nor Physicians Alliance disclosed the sale price in May. However, the campus was listed for $19 million in 2011.
The sale would have included the hospital and medical office building at Goodwood and Airline, a support services building, a materials management building, the parking garage and all surface parking.
At the time of the agreement, The Physicians Alliance had said it planned to continue operating a hospital at the Goodwood campus, although a number of details remained to be worked out, including which inpatient and outpatient services would be offered.
In addition to operating a hospital, TPAC Holding had said it planned to lease space in the medical office building to physicians and practices.
Investors in TPAC Holding were to include doctors, non-physicians and private investors, although the number of investors and the amount they would invest had not been determined in late May.