Charlotte, N.C.-based Carolina HealthCare System is close to reaching a 50-year lease agreement for Carolinas Medical Center-Union Hospital in Monroe, N.C., that would keep county ownership of the hospital while making the hospital a full member of the CHS system, according to a Charlotte Observer report.
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.
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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.
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