AG sets public hearing on I-70 Medical Center sale

Monday, August 18, 2008

Missouri Attorney General Jay Nixon announced Friday, Aug. 15, that a public hearing will be held at 5:30 p.m. Thursday, Aug. 21, at Sweet Springs elementary school on the subject of the impending sale of I-70 Medical Center.

Missouri law gives the attorney general 20 days to evaluate the proposed agreement between non-profit I-70 Medical Center and for-profit Hospital Management Consulting before the deal can be finalized, according to a news release from Nixon's office.

At the hearing, the hospital board will be given an opportunity to make a presentation followed by comments -- either in favor of or opposed to the deal -- by members of the public.

Nixon said his review would focus on ensuring that any sale would be as a result of a fair process, that a fair price was received for the assets and that proceeds from the sale would be used appropriately and to further the hospital's non-profit mission.

Hospital officials have said the sale is necessary to bring more capital to the facility, making possible new clinics and the addition of new equipment that the hospital can't afford now.

Critics of the sale have focused on the loss of local control over the hospital's operation.

"These three Ps -- process, price and proceeds -- are the guiding principles for any non-profit assets and public hearings are an important part of that," Nixon said.

The attorney general's office is also inviting written comments on the proposed transaction. Comments can be sent to Attorney General's Office, P.O. Box 899, Jefferson City, MO 65102 or to ag@ago.mo.gov.

Letters should include "Attention: Sweet Springs hospital sale" on the envelope and e-mail should include "Sweet Springs hospital sale" in the subject line.

See also:

I-70 Medical Center sold to HMC/CAH:

www.marshallnews.com/story/1449224.html

Contact Eric Crump at

marshalleditor@socket.net

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