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 …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 …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 …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 …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 …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 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 …By James Moore The recent City Council decision to defer a vote on the future of Memorial Health System is prudent and one the board of trustees of Memorial supports. There are many misunderstandings about Memorial Health System and what an ownership change would really mean for our community. To be fair, health care is [...]
Continue reading …The millions of dollars required to move its employees from a public pension plan to a private one could scuttle any plans for a change in ownership for Memorial Health System. Actuaries at the Public Employees Retirement Association estimated the cost of covering retiree benefits as $246 million — much higher than the $30 million to [...]
Continue reading …The battle over the fate of Memorial Health System is pitting one of the biggest hospital companies in Colorado, which wants to buy Memorial, against a fledgling group of locals that supports the hospital’s bid to become a nonprofit. HealthOne, controlled by for-profit giant HCA, has launched a campaign to halt progress of the effort [...]
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