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Re: “Because of state law, selling Memorial Hospital likely wouldn't solve city's financial problems

Does it matter that the 1998 law specifically calls out non-profit (organizations that primarily receive their funding from charitable contributions) as opposed to not-for-profits (organizations that receive their funding from operations)? Memorial Hospital is a not-for-profit organization not a non-profit organization. If the 1998 law is specific to non-profit organizations it would seem that this is a non point in the potential sell of memorial and a waste of time to bring up in an article. Anyone doing their homework before you go to print over there?

Posted by CPAman on 04/29/2010 at 10:54 AM

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