Mayo Health System, Rochester, Minn., has agreed to lease and eventually own Cannon Falls (Minn.) Community Hospital. Beginning April 1, Mayo will govern, manage and lease the 16-bed rural hospital and Cannon Family Health Center for $1 per year from the Cannon Falls Community Hospital District, said Glenn Christian, Cannon Fall's chief executive officer. The district will continue operations during the seven-year lease to raise $2 million for a replacement hospital, Christian said. Ownership will transfer to Mayo ahead of schedule should construction finish before the lease expires. Mayo Health System owns 15 hospitals. Mayo family physician Greg Angstman will become Cannon Falls' president, CEO and medical director; Christian will become the hospital's administrator. Christian said Cannon Falls sought six requests for proposal and selected Mayo for exclusive negotiations in August 2005. The hospital's existing services will continue and its 108 employees have been offered identical jobs at Mayo, he said. -- by Melanie Evans
Minn. rural hospital signs long-term deal with Mayo
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