Denver-based HCA-HealthOne is offering more than $500 million to lease Memorial Health System, a city-owned system in Colorado Springs, according to a report from The Gazette.
HCA-HealthOne is also offering to let the city of Colorado Springs keep all of Memorial's cash on hand — nearly $332 million — and pledging to invest at least $1 billion in capital over the span of the hospital lease.
HCA-HealthOne is a for-profit operator of seven Denver hospitals. It is one of six hospital companies bidding to lease Memorial, but HCA-HealthOne has been the only company to release its full proposal so far, according to the report.
As part of a quiet period for the next two weeks, a confidentiality agreement requires bidders to refrain from discussing bids while a city task force scores the proposals.
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Arizona's Banner Health Plans to Bid on Colorado's Memorial Health
HCA-HealthOne is also offering to let the city of Colorado Springs keep all of Memorial's cash on hand — nearly $332 million — and pledging to invest at least $1 billion in capital over the span of the hospital lease.
HCA-HealthOne is a for-profit operator of seven Denver hospitals. It is one of six hospital companies bidding to lease Memorial, but HCA-HealthOne has been the only company to release its full proposal so far, according to the report.
As part of a quiet period for the next two weeks, a confidentiality agreement requires bidders to refrain from discussing bids while a city task force scores the proposals.
Related Articles on Memorial Health System:
Colorado's Memorial Health System Attracts 5 Suitors for Lease DealColorado's Centura Healthcare is Memorial Health System's Latest Suitor
Arizona's Banner Health Plans to Bid on Colorado's Memorial Health