The Michigan Rural Healthcare Preservation, Inc. (MRHP) has signed an Asset Purchase Agreement with the CMH Board of Trustees. This agreement is designed to allow the Hospital to offer additional services, including minimally invasive spine surgeries to help ease some of the financial strain the organization has collected over the past several years. Both organizations are hopeful this transition will close by the first of the year, pending regulatory approval.
"We are very excited to be working with MRHP," said Carolyn E. Riley, Interim President/CEO of CMH. "Their unique vision of preserving faciilties and expanding care will help stabilize Michigan's community hospitals."
Riley points out that the non-profit entity is acquiring the Cheboygan Hospital in total, including the operations, assets, buildings, accounts receivables and liabilities. "We are committed to maintaining all patient services while expanding care to include surgery programs. Employees have been reassured there will be no personnel changes and no reduction in hours, " she said.
Under the leadership of renowned Michigan neurosurgeon, Dr. E. Malcom Field, MRHP Medical Director, and Ethan I. Lipkind, Esq., chairman of the MRHP board, MRHP is committed to ensuring adequate access to health care in all parts of our state. Lipkind adds, "It's unfortunate that many Michigan hospitals are struggling in these tough economic conditions. MRHP exists to help local community hospitals harness the advances in medical care. In turn, these specialty medical services will then support the hospital's primary and emergency medical needs."
Dr. Gerald Schell, a pioneer in minimally invasive spine surgery, is one of several MRHP network physicians planning to perform surgery in Cheboygan this fall. "Major developments in spine surgery over the past five years have made it much safer to perform these types of surgeries in smaller, rural areas," stated Schell.
MRHP plans to sustain employment of current staff and existing management at CMH. A local board of trustees will be formed to serve ont he community advisory board for MRHP. Over the next few weeks, CMH administration will be providing more details on the agreement to the community.
*Pictured after signing the agreement are Ethan Lipkind, Chair of MRHP (left), and Jamie McClurg, CMH Board Chair.
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