The other 20 percent of Bayfront’s $202 million purchase price would be bought by a non-profit foundation, Bayfront Health Education & Research Organization, newly established by the two health systems.
Primary concerns for the council is fear Health Management would reduce charity care and discontinue trauma care at the hospital, both of which Health Management officials vehemently denied at a council hearing yesterday, according to the report.
Current Bayfront President and CEO Sue Brody said if the council denied the affiliation, it would seek a new partner to help alleviate the system’s financial struggles, according to the report.
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