Vero Beach, Fla.-based Indian River Medical Center officials are considering selling the medical center or making changes to its leadership team to keep the facility open and running, according to TCPalm.
Two consulting firms hired to assist in strategic planning suggested officials sell the medical center, affiliate with a nonprofit group, or make changes to the facility's leadership team and remain independent, according to the report.
Officials are scheduled to meet Thursday to begin strategizing the facility's long-term survival.
The facility, which costs roughly $700,000 per day to operate, has reportedly lost $45 million between 1998 and 2016, according to the report.
To sell the medical center, the facility's board would have to agree on a selling price and undo the public-private lease that has been in effect since 1984. Indian River County voters would also have to approve the sale in a binding referendum during the November 2018 election.