Hospital Narrows Options for Future

7/29/2010

Central Peninsula Hospital CEO Ryan Smith says the hospital’s Board of Directors has narrowed the hospital’s potential options for future governance and ownership down to two options. One option is to amend the current lease and operating agreement with the Borough. The second option is creation of a whole hospital joint venture. Smith explained how this option would work.

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He said the whole hospital joint venture would still allow for local control with the creation of a local board. Smith said there would be 50/50 shared governance, where there would be two separate voting blocks. One voting block would be represented by the partner and one that would be represented by a local board. Any change with the ownership and governance of the hospital would have to be approved by the Borough Assembly.