UCH now officially in charge at Memorial
The University of Colorado Health is officially running Memorial Health System, and the city’s holding the cash from the deal in two escrow accounts to pay off debts and kick off the Colorado Springs Health Foundation. The city received $340 million in cash and investment money from Memorial to defease the bonds. Three out of [...]
Mike Scialdone has steered Memorial Health System during the highs and lows of the past four years.
Continue reading …University of Colorado Health hasn’t officially started running Memorial Health System, but Memorial already is benefiting from the association. After downgrading Memorial’s outlook to negative in March, Moody’s Investors Service is giving the three-hospital group an upgraded A3 bond rating and a stable outlook. University of Colorado Health has an A3 rating with a positive [...]
Continue reading …As the moment nears when Colorado Springs officially gives up control over Memorial Health System, with University of Colorado Health taking over at 12:01 a.m. Monday, Oct. 1, the city has much reason to feel encouraged — and relieved. So many times in the past few years, the future of Memorial appeared shaky at best, [...]
Continue reading …In a move that came as little surprise to most, The University of Colorado Health has chosen Mike Scialdone to lead Memorial Health System. Bruce Schroffel, CEO of UCH, made the announcement yesterday, saying that Scialdone had been a “great asset in helping us understand the needs of Memorial and the community it serves, as [...]
Continue reading …Memorial facilitated the most tissue donations of any state hospital last year, earning recognition from the Colorado Hospital Association and Donor Alliance. Donor Alliance COO Jennifer Prinz and CHA President Steven Summer presented the award last week in Vail. The award was created to recognize the commitment of Colorado hospitals, medical centers and health care [...]
Continue reading …The City of Colorado Springs and the Public Employees Retirement Association have agreed to drop both lawsuits in the ongoing legal battle about Memorial Health System exiting the PERA retirement benefits program. The city will re-file its suit, which claims it doesn’t owe any money to PERA, in Denver District Court. In the city’s view, [...]
Continue reading …Update: The city and PERA have reached an agreement to remove UCH from the lawsuit, to drop both suits and to allow the city to refile its case in Denver District Court. Read more here. The Public Employees’ Retirement Association has filed a lawsuit of its own in an ongoing legal battle with the city [...]
Continue reading …It’s time for round two in the legal battle between the city of Colorado Springs and the Public Employees Retirement Association. The city filed a suit two weeks ago, asserting that it doesn’t owe PERA for additional retirement benefits for employees of Memorial Health System once the University of Colorado Health takes over the hospital. [...]
Continue reading …Organizers are celebrating the overwhelming voter support to lease Memorial Health System to the University of Colorado Health, ending years of uncertainty and debate.
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