A new foundation formed by community members agreed to buy shuttered 40-bed Eastern Ozarks Regional Health System, Cherokee Village, Ark., for $4 million, intending to reopen the facility as a 25-bed critical-access hospital, said Jay Torbit, chairman of the buyer, Sharp Medical Foundation. The county may increase local taxes to support a bond issue for the purchase and hospital rehabilitation projects of roughly $1.5 million, Torbit said. The purchase is pending a 90-day inspection and evaluation period, he said. White River Medical Center, Batesville, Ark., which opened an urgent-care center in Cherokee Village after the hospital closed, agreed to be a minority partner in the critical-access hospital, Torbit said. For-profit Associated Healthcare Systems, Brentwood, Tenn., also showed an interest in Eastern Ozarks after it closed in December 2004 on the brink of receiving a notice of termination of Medicare participation. -- by Paul Barr
Community group to reopen shuttered Ark. hospital
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.