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.
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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.
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