Common Contracts
1 similar Lease Agreement contracts
Why do we need to lease the hospital to an outside organization?Lease Agreement • November 4th, 2020
The hospital was closed in October 2017 due to severe financial problems related to improper prior management. The district is now in bankruptcy and is struggling to pay its overdue bills. Without a partner such as Adventist Health, the district wouldn’t have the resources to re-open the hospital. Even without these issues, having a larger partner makes sense in this day of hospital care. Many hospitals our size are struggling or have failed. In addition, a lease will protect us from the disaster that hit us with unwise board decisions and incompetent management in the last few years.
