The governing board of Bay Medical will have equal representation from LHP and Sacred Heart. A local board of trustees will oversee day-to-day operations.
The joint venture will allow Bay Medical to retire its debt and continue its charity care policy.
More Articles on the Bay Medical Center Joint Venture:
Lease Deal for Florida’s Bay Medical Center Called a “Controlled Sale”
Florida’s Bay Medical Center Signs LOI with LHP Hospital Group, Sacred Heart Health
Florida’s Bay Medical Center May Go Private in JV With LHP, Sacred Heart Health
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