CHS’s original bid, which has been negotiated since November, included a 30-year lease for a prepaid amount of $30 million with renewals at fair-market value every 10 years. CHS would purchase the “net working capital” of the system, and the bid also included a guarantee of $25 million in capital expenditure from CHS as well a $2 million physician recruitment commitment during the first five years, according to the report.
In October, Beaufort Regional announced it was considering bids from four health systems — Plano, Texas-based LHP Hospital Group; Franklin, Tenn.-based HealthTech Management Services (formerly Brim Healthcare); and Greenville, N.C.-based University Health Systems of Eastern Carolina.
Read the Washington Daily News report on Beaufort Regional Health System.
Read previous coverage on Beaufort Regional Health System:
– CHS Rejoins Negotiations for North Carolina’s Beaufort Regional Health System
– CHS Withdraws Offer for North Carolina’s Beaufort Regional
– Medical Staff at North Carolina’s Beaufort Regional Approves Merger With University Health of Eastern Carolina
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.
