The pre-funded warrants were purchased by Squadron Capital, the company’s largest investor, which beneficially owns shares with a value in excess of the notification threshold of the Hart-Scott-Rodino Antitrust Improvements Act.
Hospital supporters say under this plan, the money would be used to bring the medical center up to code, and then reopen the emergency room and use the remaining part of the building for psychiatric services.
The awards, administered through the Health Resources and Services Administration (HRSA), are part of a series of investments across HHS and the Department of Labor to support pathways into good, quality nursing jobs.