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After State-Mandated Review, Sarasota Memorial to Stay as Public Non-Profit

The public hospital board of Sarasota (Fla.) Memorial Hospital has voted to keep the organization as a public, non-profit, taxpayer-funded entity, according to a Herald-Tribune report.

Last year, Florida Gov. Rick Scott — the former CEO of what is now known as Hospital Corporation of America, based in Nashville, Tenn. — signed a bill that required all public hospitals to review the benefits and drawbacks of potentially selling or leasing their facilities to other hospital companies. Sarasota Memorial's vote, as well as the hearings and testimony surrounding it, were part of that mandate.

Sarasota Memorial's board reached its decision based on the public support and high efficiency levels, according to the report. Sarasota Memorial CFO William Woeltjen told the Herald-Tribune the hospital "maintained high service levels while reducing the tax burden on this community," and the hospital had also kept its costs on par with other non-profit and for-profit organizations.

More Articles on Hospital Transactions:

Covenant Health Interested in Operating Tennessee's Claiborne County Hospital
2 Public Hospitals Near New Orleans Look to Lease Facilities
Wise Regional Health System in Texas Bids $20M for North Texas Community Hospital

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