According to a Sept. 30 news release, Bozeman Health encountered barriers during due diligence that “were not in the best interest of the health system.”
In a Sept. 30 report from the Bozeman Daily Chronicle, Bozeman Health Chief Nursing Officer Diane Patterson said that a covenant held by Gallatin County on the property was a sticking point in the deal. Bozeman Health Chief Government and Community Affairs Officer Denise Juneau told the Bozeman Daily Chronicle that negotiations had been going on for some time, but the organization could not get around the covenant.
The covenant was established in 2010 to guarantee the availability of mental health crisis beds. It came with a $1 million bond issuance from the county for the Hope House to be available as a local mental health emergency detention and crisis facility, according to the report.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.