News Headlines Article

Measure K passes, now negotiations to sell
Kingsburg Recorder

About 75 percent of voters in the Kingsburg Hospital district approved Measure K on Nov. 2 allowing the sale of all the assets of the hospital to a private investor. Steve Ramirez, consultant to the hospital board, said since the measure passed, then the next two steps for the board are to have a complete fair market value evaluation of the hospital and its assets done by a private firm and then work on details of a purchase agreement. All this must be completed by the end of year because a new health care law starting Jan. 1, 2011 will not allow a hospital to sell or transfer its assets to a private investor.