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.
More articles on transactions and valuations:
Prime Healthcare Foundation’s $15M acquisition of CHS hospital collapses
Greenville Health System reportedly interested in acquiring CHS-owned South Carolina health system
East Jefferson General Hospital officials ‘close’ to finalizing deal with HCA
