The City Council of Ashland, Ore., unanimously voted to approve Medford, Ore.-based health system Asante's takeover of Ashland Community Hospital, closing a two-year negotiation process, according to a report by the Mail Tribune.
Under the agreement, the city will transfer its ownership of the community hospital, including $14 million in debt and pension obligations, to Asante, which will continue to run ACH as a general hospital for 15 years and contribute $10 million in capital improvements over the next three years.
Asante has pledged to "make every effort" to offer employment opportunities to ACH's current staff, according to the report.
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Under the agreement, the city will transfer its ownership of the community hospital, including $14 million in debt and pension obligations, to Asante, which will continue to run ACH as a general hospital for 15 years and contribute $10 million in capital improvements over the next three years.
Asante has pledged to "make every effort" to offer employment opportunities to ACH's current staff, according to the report.
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