Tuesday, May 25, 2010
City Gov Suthers: Memorial is a nonprofit
Posted by Ralph Routon on Tue, May 25, 2010 at 4:16 PM
The news came in an unexpected, two-part serving Tuesday afternoon as Colorado Attorney General John Suthers personally delivered his opinion on how a possible sale of the city-owned Memorial Health System and how it might be affected by 12-year-old state legislation.
Suthers, asked to give his opinion to the citizens commission reviewing Memorial's ownership and governance, told the commission that he has determined the local system is indeed a nonprofit. In other words, if the city were to sell Memorial to a for-profit entity, all proceeds would have to go for the hospital's initial charitable purpose, health care.
However, the interpretation seemed to indicate that if Memorial were sold to a nonprofit, the city might be able to decide how to use the revenues.
The commission is months away from making any recommendations.
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At any point, Suthers slithering onto the scene can only make matters worse. Funny how dumping assets, is the only answer! Seems we must have some huge backroom deals as hard as Springs politicians are pushing to dump Memorial...
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Posted by
jakeredwing
on May 25, 2010 at 11:48 PM
