A Texas company has backed out of a plan to acquire a Conyers community hospital.
Signature Hospital Corp. of Houston said last week that it wouldn’t purchase Rockdale Medical Center in Conyers for $90 million. Signature cited “continued tightening in the credit markets” as the reason it dropped out of the deal.
Spell Pless Davis Sauro partners L. Penn Spell Jr. and Laurance D. “Larry” Pless in Atlanta were advisers to the Rockdale Hospital Authority on the negotiations, according to a hospital spokeswoman. Spell declined to comment on the matter. The Conyers law firm Talley, French & Kendall had been advising Rockdale Medical Center. Baker, Donelson, Bearman, Caldwell & Berkowitz advised Signature Hospital.