GA Attorney General’s Office accepts filing for sale of Memorial - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

GA Attorney General’s Office accepts filing for sale of Memorial Health to HCA

(Source: WTOC) (Source: WTOC)
SAVANNAH, GA (WTOC) -

The Georgia Attorney General’s Office has accepted the filing for Hospital Corporation of America to acquire Memorial University Medical Center’s assets and to continue care to residents.

The Memorial Health Board of Directors and the Chatham County Hospital Authority announced the filing was accepted on Monday morning.

This past April, the boards of Memorial Health, CCHA and HCA signed a letter of intent to approve the sale of the hospital to the for-profit organization, HCA, for $710 million.

HCA says it will maintain the hospital's mission, Level 1 Trauma and NICU services as well as indigent care at least for the first 10 years. But after that, it's unclear.

According to the release from Memorial Health, "within the next 90 days, Georgia’s Office of the Attorney General will conduct a Public Hearing in Savannah regarding the acquisition of Memorial Health by HCA Healthcare. The transaction would need to meet certain regulatory requirements and receive a favorable approval from the Attorney General’s Office before it may be completed. Once completed, the hospital and its outpatient clinics and facilities will become full members of HCA’s South Atlantic Division."

Per Georgia law, details of the sale will be disclosed and witnesses from both the existing hospital board and HCA will be called to testify. There will also be an opportunity for public input within the next 90 days. Once all of the documents have been reviewed and all witnesses have testified, the Attorney General will determine if the appropriate steps have been taken to ensure that the transaction is authorized, charitable assets are protected, and that proceeds from the sale will be used for charitable health purposes.

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