That’s when city attorney Pat Kelly is expected to present Attorney General John Suthers’ opinion about whether the hospital is subject to the Colorado Hospital Transfer Act.
The act requires that nonprofit hospitals, when sold to a for-profit entity, take the money from the sale and use it for a similar charitable activity. It could mean that no money from Memorial’s sale could go to the city’s general fund.
Memorial is a nonprofit, but is also a municipal hospital, which isn’t mentioned in the law.
The Memorial Commission on Ownership and Governance asked Kelly to request the opinion last month. The commission is tasked with making recommendations to city council about the hospital system’s future – to sell it, lease it to another entity or change nothing.