met and took several actions regarding the Authority’s relationship with Americore Health, LLC
and the Authority’s ongoing effort to re-open a hospital in Lee County.
Commissioners Approve Transaction to Repurchase Hospital Building
In a unanimous vote, the Commissioners adopted a motion by Dr. Scott Litton to approve the
transaction documents necessary to sever the relationship between the Authority and
Americore. The vote concludes discussions of the past few weeks between the Authority and
Americore to structure an efficient and quick separation. When the Authority selected Americore
during 2017, Americore was the only option that guaranteed the Authority to re-open a hospital
in the county.
“We felt like Americore was making great progress until mid-August,” said Commissioner Howard
Elliott. “Then,” he added, “all progress stopped.”
“The Commissioners of the Authority provided very clear guidance to the Special Committee on
the acceptable structure of any transaction: no additional county debt could be created and the
county debt already on the building could not be cancelled and written-off,” said H. Ronnie
Montgomery, Vice Chairman of the Authority.
“We set up a Special Committee at the December 16th meeting to work with legal counsel and
Americore to finalize the Certificate of Public Need extension request and to discuss the
relationship with Americore,” he added. “Eventually, those discussions turned to a separation.”
“We have really focused on our main goal – re-opening a hospital – and over the past few weeks
we began to conclude it was better for the people of Lee County if we went in a different
direction,” added Commissioner Diana Pope. Mr. Elliott and Ms. Pope served on the Joint
Operations Committee created following the initial transaction with Americore to oversee the
re-opening of the hospital. Together with Mr. Montgomery, the three Commissioners comprise
the Authority’s Special Committee.
The approved transaction contemplates that the existing secured note on the building held by
the Lee County Board of Supervisors will remain on the building and be repaid over time. The
other existing debt on the facility, which was placed on the building by Americore, will be paid by
the Authority’s new medical partner, as required by the Authority’s deal with Americore.
Commissioner Benny Sergent summed up the thoughts of his fellow commissioners noting: “Our
goal during the fall of 2018 was to give Americore every opportunity to succeed without
interfering with their plans, if they could execute upon them, and I believe we did that,” He