The approved lease grants Phoebe the rights to DMC for 10 years, and either party can terminate the lease after five years, the report said. The lease can also be renewed for up to 40 years, with Phoebe paying up to $50,000 annually to the Hospital Authority of Ben Hill County as a part of a provision that would prevent the authority from using any other medical center during the term of the lease.
Mr. Olens previously joined the Federal Trade Commission in a civil action to block Phoebe from buying Palmyra, a $195 million purchase that is currently stalled.
DMC will now be known as Phoebe Dorminy Medical Center, the report said.
Read the Albany Herald report on Phoebe Putney Health System and Dorminy Medical Center.
Related Articles on Phoebe Putney Health System:
Hearing on Phoebe-Palmyra Merger Delayed
Court Grants FTC Injunction to Block Phoebe Putney Purchase
FTC to Appeal Decision Allowing Acquisition of Palmyra Medical Center
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