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UCH makes news, and Memorial handles it

Just this past week, a patient at Memorial Hospital in Colorado Springs was undergoing treatment for heart-related problems. The troubles escalated to the point of perhaps needing additional care, and after much communication, emails and faxes between cardiologists, the patient eventually was transferred to the University of Colorado Hospital in Aurora, where she has shown… Continue Reading UCH makes news, and Memorial handles it

UCH invests in Memorial, plans to grow south

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UCH invests in Memorial, plans to grow south

University of Colorado Health is pouring millions into Memorial Hospital — capital projects, new hires, new technology. It’s a necessary expense, leaders say, because they have plans for the local hospital system to become the southern flagship as UCH pushes into New Mexico and Kansas. That’s good news for Colorado Springs as the money poured… Continue Reading UCH invests in Memorial, plans to grow south

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Scialdone’s steadiness leads to CEO position

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Mike Scialdone has steered Memorial Health System during the highs and lows of the past four years. Continue Reading Scialdone’s steadiness leads to CEO position

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UCH lease brings early rewards, thanks to stability

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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 UCH lease brings early rewards, thanks to stability

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UCH makes right move with Memorial

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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 UCH makes right move with Memorial

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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 City, PERA reach agreement that allows Memorial transfer to continue

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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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The University of Colorado Hospital is a success story — and Colorado Springs is hoping a lease agreement and partnership with UCH will make Memorial Health System into one, too. UCH’s list of successes is long. It’s a $900 million-a-year enterprise, employing 4,100 people, ranked among the top 5 percent of the nation’s hospitals for… Continue Reading UCH brings run of recent successes into MHS lease

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Colorado Springs City Council will meet Wednesday to discuss Memorial Health System lease and to lay the parameters of a new foundation to be created from the proceeds of the lease with the University of Colorado Health. The council meeting is set for 10 a.m. at council chambers, but Memorial materials will be available on… Continue Reading City calls special council meeting for Wednesday

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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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