Oconee Regional Medical Center in Milledgeville, Ga., is slated to receive a financial boost of up to $5 million as it prepares for a possible sale, reports The Union-Recorder.
The bond agreement, which was approved by the Baldwin County Hospital Authority, would go toward day-to-day operations over the next approximately three months, Steven Johnson, ORMC interim CEO, said in the report.
"This is really additional working capital to get us through the transaction of a possible sale of the hospital," he told The Union-Recorder this week. "Hopefully we don't have to use all $5 million, but it's there in the event we have to use it."
The hospital did not disclose the names of any potential buyers to The Union-Recorder.