Under the agreement, FWMC President and CEO Verna Meacham and CFO Joseph Tucker will become UMMS employees while continuing to serve in leadership positions at the hospital, according to a news release. UMMS has the option of renewing the management agreement at the end of its nine-month term.
Additionally, the contract allows provisions for UMMS to assume all of the hospital’s assets and operate it as a wholly-owned subsidiary with the approval of both the UMMS and Nexus Health boards. Financial terms of the deal were not disclosed.
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