Print
Health Care

NHRMC Trustees Vote In Favor Of Hospital’s Purchase By Novant Health

By Neil Cotiaux, posted Oct 1, 2020
New Hanover Regional Medical Center's board of trustees voted Thursday evening to support the county-owned hospital system’s purchase by Winston-Salem-based Novant Health.

The vote was 16-1, with board member John Andrew the sole “no” vote.
 
The board’s decision to support the resolution to enter into a binding sales agreement with Novant followed a unanimous decision earlier in the week by the Partnership Advisory Group to recommend a “yes” vote to both the hospital trustees and the New Hanover County Board of Commissioners.
 
John Gizdic, president and CEO of NHRMC, told the trustees that voting to execute the sales agreement would “transform the health of our region for generations to come.”
 
Andrew called Novant Health “a monopoly” that would eventually sell the NHRMC operation to a third party down the road. “I feel like John the Baptist crying in the wilderness here,” he said.
 
But Andrew was overwhelmed by a boisterous voice vote that now places the proposed sale into the hands of county commissioners, who are scheduled to meet on Monday afternoon to vote on the proposed deal. At last count, only one commissioner, Rob Zapple, was on record as opposing the sale.

In addition to deciding whether or not to back the Asset Purchase Agreement, the commissioners will also discuss the use of net proceeds from the proposed sale, bylaws for a $1.25 billion community endowment to be created, and the termination of the lease between the county and NHRMC at closing, as properties and facilities being leased would be sold by the county.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

As the Weather Warms, New Hanover County Remains Committed to Keeping Things Green

Chris Coudriet - New Hanover County Government
Gretchen roberts 2021

5 Finance Topics Every Small Business Owner Should Master

Gretchen Roberts - Red Bike Advisors
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management

Trending News

YMCA Eyes Growth With Plans For New, Expanded Facilities

Emma Dill - Apr 23, 2024

Burns, Redenbaugh Promoted At Coastal Horizons

Staff Reports - Apr 23, 2024

Cold Storage Developer Sets Near-port Facility Completion Date

Audrey Elsberry - Apr 24, 2024

Wilmington Financial Firm Transitions To Wells Fargo's Independent Brokerage Arm

Audrey Elsberry - Apr 24, 2024

Krug Joins Infinity Acupuncture

Staff Reports - Apr 23, 2024

In The Current Issue

Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...


MADE: Makers Of Important Papers

W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season