Driggs, Idaho-based Teton Valley Health Care will officially convert from a county-owned entity to a non-profit organization after the board of county commissioners unanimously voted for the measure, according to a Teton Valley News report.
The BCC approved a 99-year lease agreement and a "liquid asset transfer" agreement. TVHC includes the 13-bed Teton Valley Hospital, a critical access hospital.
County Commissioner Kelly Park told the Teton Valley News that although the hospital would eventually move from public-owned to non-profit to take the burden off local taxpayers, he wished the final decision would have waited a little longer in order to fully educate the public on the health system's decision.
The BCC approved a 99-year lease agreement and a "liquid asset transfer" agreement. TVHC includes the 13-bed Teton Valley Hospital, a critical access hospital.
County Commissioner Kelly Park told the Teton Valley News that although the hospital would eventually move from public-owned to non-profit to take the burden off local taxpayers, he wished the final decision would have waited a little longer in order to fully educate the public on the health system's decision.
More Articles on Hospital Status Conversions:
Idaho's County-Owned Teton Valley Health to Convert to Non-Profit in 2012
Boone Memorial Hospital Transfers Operations, Becomes Community-Owned, Non-Profit
Boone Memorial in West Virginia Transfers From County-Owned to Non-Profit