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Diane Publishing Books
Not-for-Profit Hospitals: Conversion Issues Prompt Increased State Oversight
James O. McClyde (ed). Reviews the process that some not-for-profit hospitals have used in converting to for-profit status. Specifically, it determines for selected conversions: (1) the method used to value assets; (2) the process used to solicit interest & obtain bids; (3) some of the terms negotiated as part of the sales agreement, including provisions for continued charity care; (4) the extent of community involvement in the process; & (5) how the proceeds from some of the sales were used to fulfill charitable missions. Also determined the role that state & federal governments play in regulating & monitoring hospital conversions.
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