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PERA, city pension trial set for October

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A five-day trial pitting Colorado Springs against the Public Employees Retirement Association will start Oct. 28. At risk is $185 million from the lease proceeds of Memorial Hospital to University of Colorado Health. The money could be used to jump start a new foundation that will distribute grant money once it is up and running… Continue Reading PERA, city pension trial set for October

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UCHealth agrees to manage Wyoming hospital

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University of Colorado Health has now extended its reach from Southern Colorado to Laramie, Wyoming.   The hospital group, which includes Memorial Hospital in the Springs, will now manage Ivinson Hospital in Laramie.   Under the agreement, Ivinson, which traces its roots to 1917, will become an affiliate of UCHealth but will remain an independent… Continue Reading UCHealth agrees to manage Wyoming hospital

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In the scant two months since University of Colorado Health took over operations at Memorial Hospital, it’s been anything but business as usual. Despite the progress, officials acknowledge there’s still a lot of work to be done to steady Memorial’s financial picture and bring patients and doctors back to the hospital. UCH has spent a… Continue Reading Memorial’s new regime invests in hospital’s future

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UCH now officially in charge at Memorial

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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… Continue Reading UCH now officially in charge at Memorial

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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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Scialdone named CEO of Memorial

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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 Scialdone named CEO of Memorial

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UCH wins top academic hospital for second year

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Colorado Springs’ new partner with Memorial Health System was just named the highest-performing academic hospital in the United States by the University HealthSystem Consortium. It marks the second year that UCH has been honored with the award. The quality leadership award is given annually by the 116-member alliance of the nation’s nonprofit academic medical centers… Continue Reading UCH wins top academic hospital for second year

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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 PERA files suit against city, UCH in retirement benefits battle

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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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