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University of Colorado Health, Memorial Health System Lease is Worth $1.9B

University of Colorado Health's agreement to lease Colorado Springs, Colo.-based Memorial Health System could be worth nearly $1.9 billion, according to a Northern Colorado Business report.

University of Colorado Health is a new health system resulting from an agreement between Fort Collins, Colo.-based Poudre Valley Health System and Aurora-based University of Colorado Hospital to lease Memorial Health System. The city approved PVHS and UCH's bid in January.

The approved bid included a $74 million upfront lease, $5.6 million in payments for 40 years in general and a capital contribution commitment of $28 million per year for 30 years. The agreement would also fund a new branch of the University of Colorado Medical School at the University of Colorado at Colorado Springs campus, an expenditure of $3 million annually for 40 years, according to the report.

More Articles on University of Colorado Health:

City Approves $1.79B Bid From Poudre Valley Health, U. of Colorado to Lease Memorial
University of Colorado Hospital Ready to Discuss Joint Venture With Memorial Health
5 Bids for Colorado's Memorial Health System Revealed

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