One might say it's good news for Hammonton:
"As previously reported in The Hammonton News, Essent Healthcare of
Tennessee was apparently interested in Kessler. However, Gonnella testified
Tuesday that Essent withdrew its letter of intent last week." ...the Hammonton News.
As was brought to my attention, Kessler laid off 25 FTEs...and Essent lost interest. Their secret strategy is a secret no more.
So what's next in Hud-land? He sold the Merrimack medical building. They're building one in Ayer (as part of the new hospital.) I wonder if that will be counted as part of the investment they have to make...in the next two years....isn't it? Does it really add to the hospital, or is it just office space?
Depending on the sale price, he might just have funded it...well, not really. He does have investors who have been very patient.
One expects a certain amount of return for the kind of outlay that Essent has had. Hopefully they're getting it up front, and not like the Arcon deal.... Only time will tell.