Cardiology Services Inc gives up Ogle Land; agrees to rescind vesting order
Managing Director of Cardiology Services Inc. Dr Mahendra Carpen who had plans to build a state-of-the-art private hospital at Ogle, East Coast Demerara, has announced that he is handing back the title and the land to the Government.
In 2017, Cardiology Services Inc reached out to NICIL by way of an Expression of Interest to purchase various lands in Ogle for the purpose of building a hospital.
According to a press release issued by NICIL, in February 2020, an Agreement of Sale was signed and in June 2020, “without the knowledge or participation of Cardiology Services Inc”, the property was vested in Cardiology Services Inc though the financial terms of the transaction had not been completed.
“Given the circumstances surrounding the vesting of the lands, Cardiology Services Inc announces that it has agreed to rescind the Vesting Order without prejudice and revert title of the lands to NICIL so as to enable the Government of Guyana to fulfil its mandate to ensure all lands are reclaimed unimpeded,” the release noted.
Cardiology Services Inc said it looks forward to working with NICIL and the Government of Guyana to achieve “their mutual goals of building a state-of-the-art private hospital at the appropriate time.”