Cannabis-Focused Investment Banker Reported As Frontrunner To Acquire Ellwood City Medical Center
According to an article published by the Pittsburgh Post-Gazette early Friday morning, a cannabis-focused investment bank in California has emerged as a frontrunner to acquire the former Ellwood City Medical Center out of bankruptcy. According to the article, Newport Beach, Calif.-based Pelorus Equity Group Inc., which holds first and second mortgages on the closed medical center, is poised to acquire all of the medical center’s assets, according to recent bankruptcy court filings. Pelorus has indicated an interest in reopening the medical center as an acute care hospital, according to R. Aaron Hostettler, a London, Ky., lawyer who is representing Ellwood City…






