Tuesday, May 25, 2010

Suthers: Memorial is a nonprofit

Posted By 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.

images-1.jpg

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.

Tags: , , ,

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Most Commented On

Top Topics in IndyBlog

Food & Drink (17)


Local News (13)


City Gov (7)


Politics (7)


IndyVoices (5)


Most Shared Stories

Top Viewed Stories

All content © Copyright 2016, The Colorado Springs Independent   |   Website powered by Foundation