It's been a week since the Seattle Grace Five defected, and they're making their big pitch to local bajillionaire Julian Crest to partner with them (i.e. fork up the rest of the $175 million to buy the hospital). They actually pitch first to a serious of his underlings, because he's super busy and important. They clear all the hurdles and manage to score 20 minutes with Crest, before he flies to Dubai (IMPORTANT). He likes their ideas, he likes their passion, but he doesn't like the fact that the closest thing they have to administration material in their group is Derek's disastrous stint as Chief. They decide they need to bring Webber or Hunt (if not both) onboard.
Meanwhile, at sad, emptying Seattle Grace, it's pretty grim. Bailey's openly talking about taking job interviews, Brooks is secretly in communication with a patient she and Bailey are on, and Catherine Avery (YAY!) is un-subtly suggesting that Jackson take a job back in Boston so he can get more involved with the Harper Avery foundation. Owen tells Bailey she can't leave, as she's the heart of the hospital, but she's not sure. Cahill has managed to get Pegasus back to the negotiating table, and it looks like the sale can still go through, much to Owen's relief. Only later, when it's just Cahill and Roberta Thompson, do we learn that Pegasus intends to liquidate the hospital once they buy it. Brooks overhears and tells Meredith, so we've got ourselves a ticking clock.
Brooks can't keep her mouth shut AT ALL, so everybody starts finding out the hospital is about to close. Smash freaks out and makes April tell Owen. Owen freaks out. April ends up freaking out later on. Stephanie freaks out about Avery moving away. Jo freaks out about being separated from Alex. Bailey freaks out that Brooks thinks Meredith cares more about her patients than she does. It's nobody's finest hour. Finally, Meredith approaches Webber, and he's obviously onboard; Cristina tells Owen, clears the air between them, and he then sets out to delay the sale long enough for the group to make their new and improved presentation to Crest.
After all that effort, after getting the sale delayed, getting Webber and Hunt onboard, Derek and Webber taking a helicopter ride with Crest to make their final pitch, Crest still declines. It's over. Derek and Meredith start writing letters of recommendation for the interns; Callie and Arizona start thinking about moving. Webber breaks the bad news to Catherine.
THEN. The next morning. Webber and Catherine gather the Five, plus Owen, plus Jackson all together, and Catherine makes the announcement: the Harper Avery foundation would like to step in as investor and majority partner in Seattle Grace. The hospital is saved! Debbie Allen fixes EVERYTHING. Oh, and why is Jackson there? Because his mom just made him the foundation's representative on the Seattle Grace board. Meaning he's in charge. Avery. Fear those baby blues!
Previously: Meredith, Derek, Cristina, Callie, and Arizona all quit their jobs at Seattle Grace, deep-sixed the sale to Pegasus Horizons, left Owen tremendously in the lurch, and began their plan to buy Seattle Grace Mercy West themselves.
Currently, Meredith and Cristina are back to an old standby: studying their asses off. This time, they're prepping their presentation to find an investor who can make up the difference in capital they would need ($175 million) to make the buy. Cristina is particularly freaked since Owen has stopped calling her. If their plan to buy the hospital doesn't work, they are finished as a couple and she knows it. Mere reminds her that when the sale DOES happen and they can tell him the truth, he'll be the happiest of all of them. They have to cut their conversation short because Alex walks in. Look, I don't mean to be like this, but this is what you get for agreeing to live with Alex. No point in sugarcoating it. Alex is like, "Cut the shit and tell me what's going on. It's been a week." He says since they've quit, nurses and lab techs have also resigned, and people are saying without a Pegasus deal, the hospital could be closed within a month. Cristina starts to say something but Meredith shuts her down, then shoots a look to Alex that reads like, "Dude. I'm sorry. Give me a break." Alex storms out.
At the hospital, the interns are bearing a huge chunk of the workload that the departed attendings left unfinished. Smash bumps into the other one and drops a huge stack of charts and binders. I know she probably has a name, but at this point, I'm telling you, there are just too many interns. I know Smash and Stephanie and Jo, and this week I learned that Tina Majorino is Brooks (or "Mousy," I guess, though I failed to catch that last week). And then there's this one. The Other One. She doesn't have a story this week, I really don't like her, so I'm not going to learn her name. How Cristina of me. She's The Other One. You know which one I mean. The Other One hops over to Owen and tells him that the ORs are overbooked. He tells her to find out which surgeries can be pushed back. Bailey then shows up in a sleek business suit -- her old one, she says, from around Y2K, the last time she went on a job interview. The Other One and Brooks are alarmed to hear that Bailey's going on job interviews. She says she's not gonna stick around the sinking ship that is Seattle Grace. Owen says it's not a sinking ship -- he says Cahill has gotten Pegasus to come back to the negotiating table, and they're working out a deal. Further, he says that Bailey can't leave, as she's the "heart" of the hospital. The spirit. I basically said as much last week. Bailey demurs, but Owen insists and prods Brooks (with her cute new short haircut) to agree. Bailey's like, "Fine, but if this place goes belly-up, you're taking it in the nards."