Voters Will Decide Fate for Failing Memorial Health System in Colorado

Revised ballot language that would allow voters to decide the fate of Memorial Health System, the financially struggling city-owned health system based in Colorado Spring, according to a Gazette report.

A task force for the city council has revised the voting ballet to include three proposals designed to save the ailing system. The first proposal would give the city council power to lease the health system to an independent non-profit or other entity. The second proposal would allow the health system to pursue joint ventures or partnerships even if a lease is not signed. The third proposal would toss out a law requiring taxpayers to cover the health system's losses, according to the report.

The University of Colorado Hospital has already expressed interest in a possible joint venture with Memorial, while Denver-based HealthOne-HCA has expressed interest in buying the organization.

The revised language will come before a full council vote on Aug. 23.

Read the news report about Colorado's Memorial Health System.

Related Articles on Hospital Status:

Robinson Memorial Hospital in Ohio Wants Change from County-Owned to Non-Profit Status
Hospital Tax-Exempt Status: Considerations Regarding Maintaining Exempt Status
The Challenge of Non-Profit Status in an Era of Accountable Care

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