Bayfront, which agreed to allow HMA to purchase an 80 percent stake in the hospital last week, currently operates on city-owned land on a lease that stipulates the hospital must maintain trauma care and operate as a non-profit, among other regulations. That means in order for the joint venture to move forward, the city council would have to approve a revised lease.
The draft of the proposed 50-year lease under review would require Bayfront to continue providing charity care to low-income individuals under certain parameters, make “reasonable efforts” to continue its trauma services that face regional competition and remain a secular hospital, although it would no longer be required to run as a non-profit.
The council could vote on the lease as early as next Thursday, according to the report.
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