Three of Universal Health Care's top executives -- including president and CEO Dr. A.K. Desai -- required that vendors provide the men with lucrative personal deals on the side before signing contracts, an attorney for the U.S. Bankruptcy Court trustee told the  judge at a hearing covered by the Tampa Bay Times.

MBF Healthcare Partners, an investment group chaired by Miami multimillionaire Miguel "Mike" Fernandez, will not be buying Universal Health Care, after all. 

MBF's public relations agent released a terse statement to that effect Wednesday afternoon, a few hours after Health News Florida asked for confirmation that the talks had been called off. The statement said the two companies "mutually agreed not to proceed."