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Memorial threatens legal action against PERA

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Memorial Health System has broken off negotiations with the state’s Public Employment Retirement plan – and is threatening legal action. PERA claims that Memorial would have to pay $246 million if it becomes a private nonprofit, but that’s not the way Memorial executive see it. The way Memorial views it: all Memorial employees would be… Continue Reading Memorial threatens legal action against PERA

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Memorial mill levy to be on Nov. ballot

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City council agreed to put an initiative on the Nov. 1 ballot that would remove taxpayers’ liability for Memorial Health System. The council also agreed to hold a request for proposal process, seeking health care groups who want to lease the assets from the city. And, it agreed to allow Mayor Steve Bach and the… Continue Reading Memorial mill levy to be on Nov. ballot

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City Council will vote Aug. 23 about whether to place a Memorial Health System ownership question on the November ballot, and the biggest factor in the vote is how much Memorial will pay to exit the Public Employees Retirement Association. PERA has calculated it will cost $246 million, a figure that derailed progress toward the… Continue Reading PERA price tag still troubling Memorial ballot plans

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The Memorial Health System task force is exploring options for leasing the hospital’s assets to a nonprofit organization and what kind of payments it should expect, but finding that answer hasn’t been easy. In other markets, hospital lease payments are as varied as the communities developing them, ranging from free rent to $17.5 million annual… Continue Reading Memorial task force exploring lease-payment options

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City Council member Tim Leigh has an idea about how to answer the question about what to do with Memorial Hospital and how to maintain the city’s parks system. He suggested that that the hospital system to take over at least two of the parks, possibly three – Memorial Park, Boulder Park and Monument Valley… Continue Reading Tim Leigh: Memorial could pay for park maintenance

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Memorial seeking strength in numbers

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If Memorial Health System becomes an independent nonprofit, its administrators say it will become stronger because it will not be working alone. That’s because the hospital will have the opportunity to affiliate with smaller, rural hospitals in southern Colorado and on the western slope, thereby creating networks that will serve more patients and boost bottom… Continue Reading Memorial seeking strength in numbers

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The Colorado Springs City Council task force now charged with deciding the future of Memorial Health System has taken a turn – to leasing the assets of the hospital to a newly created, independent nonprofit system. The move is a compromise between keeping it under city control and a total transfer of the assets to… Continue Reading Task force considering leasing Memorial’s assets to nonprofit

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PVHS CEO to meet with Memorial task force

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Memorial is hoping to follow in the footsteps of Poudre Valley Health Systems and become a nonprofit – but it isn’t yet ready to say whether that would include a merger with another nonprofit. Poudre Valley’s CEO, Rulon Stacey, will speak tomorrow at 8 a.m. at City Hall to the Memorial Task Force. Stacey has… Continue Reading PVHS CEO to meet with Memorial task force

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Memorial Health System has entered into its largest physician-employment agreement ever, with Associates in General and Vascular Surgery. The group of eight doctors and more than 20 office staff will join Memorial starting July 1. The practice provides general surgery, vascular surgery, trauma, acute care surgery and surgical critical care. The partnership represents a major… Continue Reading Memorial hiring largest-ever surgical practice

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Memorial Health System has one less thing to worry about as it moves toward convincing city leaders to put the hospital’s future on the November ballot. A bill that would have created an exception to the hospital transfer act, allowing the city to use money from the sale of the hospital in any way it… Continue Reading Bill that would have affected Memorial’s fate dies

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