Developing: Disturbing allegations of a Bay St Louis Police Brutality Incident at Hancock Medical Swirling

Rick left a comment last night that alluded to an incident involving an alleged perpetrator and a Bay Police Officer, which I am told occurred approximately 30 days ago. I contacted Council President Lonnie Falgout for confirmation but he indicated to Slabbed that he was not aware of any incidents involving a Bay PD Officer beating up a perpetrator that was handcuffed to a hospital bed. That said the chatter is coming from places that have been previously very reliable so I can’t ignore the tip.

Like the Cruising Kerfuffle which Slabbed’s commenting community solved last month, anyone that knows anything about this is welcome to share what they know in comments.

What I see is an elected official in deep denial: How much is a money losing community hospital worth?

And how much federal tax money will have been pissed away on construction that will never fetch more than 20 cents on the dollar in the real estate market.

Lafontaine: Selling hospital is ‘not viable’ ~ Dwayne Bremer

Last month, a consultant told the Hancock County Hospital Board that he believed HMC was worth between $14 million to $22 million.

Hancock County Board of Supervisors President Blaine Lafontaine said Friday that he believes that number is “very low.”

According to Lafontaine, HMC received much more than $22 million from the federal government to rebuild the hospital.

“I don’t have the exact figures, but it could be between $80 million to $100 million,” Lafontaine said. “Selling the hospital is not a viable option at this time. Our conversation needs to be on how to enhance the hospital.”

The truth is $14 million may be too high when you factor in the consistency of the 15% operating losses which can’t be sustained unless one subscribes to the Mayor Fillingame theory of economics. Further, any valuation that is a function of earnings or cash flow indicate a money losing business is worth exactly zero. Worse is the fact the supervisors are fooling themselves thinking the problem can be solved by growing the population of the county. Continue reading “What I see is an elected official in deep denial: How much is a money losing community hospital worth?”

Thursday Mix and Match

No state lines today folks, just links:

Must Read: Shades of Harry Lee: Louisiana sheriff convicted of hunting-related crime

Specifically this part as it cuts across many of the Jefferson Parish topics we’ve tackled here:

Carlos Marcello was a Mafia boss who presented himself as a tomato salesman. He lived in Metairie and died in 1993.

Lee was Jefferson’s sheriff from 1980 to 2007. But he was the parish attorney when he dined at Marcello’s Grand Isle camp July 7, 1979, and spent the night there. That pre-dates digital journalism, but you can read this States-Item story about their evening. (Hat tip to Danny Gamble, our chief librarian, for the clip.)

Republican Chris McDaniel Leads Incumbent for U.S. Senate in Mississippi ~ WXXV

Another must read as I take a victory lap regarding the HCA offer for the Jefferson Parish hospitals:

Jefferson Parish hospital lease consultant presents harsh critique of suitors ~ Ben Myers

The heuristics is straightforward: Someone that wants to  “buy a spot in the line” is willing to pay more than existing market participants for that spot. Excuse me while I take another lap….

Hancock Medical adds to lawsuit ~ Dwayne Bremer

WYATT EMMERICH: Tax incentives are a high price to pay for bragging rights ~ Sun Herald

Rough and Rugged Saturday Open….

Last night could have been worse with rainfall coming down “in buckets” with the temperature at 49 instead of last night’s 59.  I’m still feeling last night’s rainy visit to Leakesville, Mississippi.

Rocks slip by Wildcats 14-13 ~ Joe Gex II

Along those lines and since this is Saturday I have this from Slabbed’s archives.

In the South, college football is a religion, and every Saturday is holy day ~ Nowdy

Obamacare’s impact on taxpayer supported public hospitals continues to manifest itself, even here in Hancock County.

Ochsner Contract to Expire ~ Dwayne Bremer

We very publicly see the need to get bigger playing out with the two large taxpayer funded hospitals in Jefferson Parish and not in a good way.  To the extent the Mississippi Coast is not insulated from the economics of Obamacare the same basic question of what to do next is certainly playing out in Harrison and Jackson Counties as well as the rural counties and communities north of the coast.

Finally Paul Hampton checks in with an interesting story: Continue reading “Rough and Rugged Saturday Open….”