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Memorial sale proceeds might not be city’s to spend (access required)

by Amy Gillentine

Published: April 24,2010

Time posted: 7:04 am

Tags: Memorial

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Anyone hoping that a sale of Memorial Health System will replenish the city’s coffers will want to think again. A major stumbling block — the Colorado Hospital Transfer Act — has thrown into question the very premise that fueled talk of a potential sale. Under the law, any proceeds from the sale of a nonprofit hospital — ...





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