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Council approves health foundation board

Council approves health foundation board

Nine people have been chosen to form the first board of directors for the Colorado Springs Health Foundation. The board is charged with creating the rules and procedures for the new foundation, which will use money and lease payments from the University of Colorado Health lease of Memorial Hospital. The mayor selected the board members… Continue Reading Council approves health foundation board

Memorial lease battle ends, legal fight looms

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Organizers are celebrating the overwhelming voter support to lease Memorial Health System to the University of Colorado Health, ending years of uncertainty and debate. Continue Reading Memorial lease battle ends, legal fight looms

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An overwhelming majority of voters – 83 percent – said yes to the University of Colorado Health, ending more than two years of debate about the future of Memorial Health System. The vote means that UCH will take over daily operations of Memorial on Oct. 1. But the plans for the transition have been underway… Continue Reading Voters give overwhelming approval to Memorial lease

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Memorial lease benefits students, too

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In the continuing back-and-forth conversation over the future of Memorial Health System, there are a number of organizations that will undoubtedly be affected by the Colorado Springs voters’ final decision. These include our many nonprofit medical providers, our urgent-care facilities and Memorial itself. But what about those schools of medical education that are pumping new… Continue Reading Memorial lease benefits students, too

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Get ready for direct-mail pieces, yard signs by the hundreds and TV commercials — all part of an aggressive campaign for voter approval of Memorial Health System’s lease to University of Colorado Health. Continue Reading Memorial lease campaign pushes for voter approval

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Memorial Health System saw an increase in its profit margin of $3.9 million, slightly ahead of budget expectations. But overall, it lost $10 million in May, due to unrealized losses in the stock market, said interim CEO Mike Scialdone. Scialdone highlighted Memorial’s financial performance in his monthly presentation to the Colorado Springs City Council. Year-to-date,… Continue Reading Memorial posts $10 million loss for May due to stock losses

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During a low-key ceremony, city and hospital officials signed the official documents for the proposed Memorial Health System lease to the University of Colorado Health. Committee members chosen specifically for the task – Councilors Merv Bennett, Brandy Williams. Jan Martin and City Attorney Chris Melcher – signed on behalf of the city, while UCH CEO… Continue Reading Officials sign paperwork for Memorial lease

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University of Colorado Health is counting on its national reputation to turn around Memorial Health System’s finances and recoup its investment in leasing the hospital system. Continue Reading Memorial adds up to high-stakes deal for UCH

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Public hearing about Memorial lease today

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The public gets a chance to weigh in on the Memorial Health System lease 3:30 p.m. today at the Colorado Springs City Council chambers, just a day after council  heard the details of the agreement. “This is an historic day,” said Council President Pro Tem Jan Martin,  who has been involved in the lease process since… Continue Reading Public hearing about Memorial lease today

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Chapel Hills owner buys vacant Kmart building

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The Garrison Investment Group, which owns the Chapel Hills Mall, bought the 88,000-square-foot building formerly occupied by Kmart that’s attached to the east end of the shopping center. The space has been vacant and blocked off from the rest of the mall since Kmart closed in 2009. New York-based Garrison Investment Group purchased the empty… Continue Reading Chapel Hills owner buys vacant Kmart building

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