On July 1, Boone Memorial Hospital in Madison, W.Va., officially transitioned from a county-owned hospital to a community-operated, non-profit entity.
"Although we have made the change [to a non-profit] we operate exactly the same way," said Tommy Mullins, BMH administrator, in the release. The hospital will be run by a community board of directors, which is currently the same board of trustees that ran the hospital before the transfer, according to the release.
The transition process took more than three years and required approval from the Internal Revenue Service as well as the passing of state legislation. To transfer ownership, Boone County had to sell Boone Memorial Hospital, as it would any other asset. In order for such a sale, the West Virginia Legislature passed a special bill in 2010 allowing the county to make a one-time private sale to the community and its newly-created Boone Memorial Hospital, Inc., according to the Charleston Daily Mail.
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"Although we have made the change [to a non-profit] we operate exactly the same way," said Tommy Mullins, BMH administrator, in the release. The hospital will be run by a community board of directors, which is currently the same board of trustees that ran the hospital before the transfer, according to the release.
The transition process took more than three years and required approval from the Internal Revenue Service as well as the passing of state legislation. To transfer ownership, Boone County had to sell Boone Memorial Hospital, as it would any other asset. In order for such a sale, the West Virginia Legislature passed a special bill in 2010 allowing the county to make a one-time private sale to the community and its newly-created Boone Memorial Hospital, Inc., according to the Charleston Daily Mail.
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