CHS currently operates the hospital as a stand-alone facility as part of a 25-year lease that is set to expire in 2020. Under the current lease the county earns approximately $3 million per year in payments from CHS.
The new arrangement would include annual payments of $6.1 million and a one-time payment of $54 million from cash on hand, according to the report. CMC-Union employees would become employees of the larger health system, and the new agreement would allow CHS to invest its funds in CMC-Union capital projects.
Related Articles on Carolinas HealthCare System:
Carolinas HealthCare Files Suit, Claims Mecklenburg County Violated Contract
Carolinas HealthCare to Take Legal Action After County Votes to End Contract in 2013
Carolinas HealthCare to Manage North Carolina’s Murphy Medical Center
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