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Dec 21, 2011 2:00 PM by Matt Stafford

University of Colorado Hospital bid picked for Memorial

Colorado Springs' Memorial Health System task force is recommending the bid from University of Colorado Hospital to lease the community-owned hospital and manage it into the foreseeable future.

It was a unanimous decision from the task force. Task force head, and City Council Pro Tem, Jan Martin acknowledges to News 5 that others on the task force showed interest in other bids, specifically the one from HCA-HealthOne, but they saw importance in having a unanimous decision. Martin says she believes it's important for the community to move forward in a "united" way.

The University of Colorado Hospital bid included a 40 year lease; $74 million upfront, and then $5.6 million per year in annual payments. There would also be a profit sharing plan, where the city would get an estimated $2.5 million per year. UCH would also contribute $3 million per year eventually adding up to $120 million towards establishing a branch medical campus at U.C.C.S.

Other bidders included HCA-HealthOne, Sisters of Charity of Leavenworth Health System, Memorial Health System (as an independent non-profit), and Centura Health (supporting an independent non-profit proposal).

The UCH proposal now heads to City Council January 9th. With their "okay"; City Council will negotiate a lease, and then the issue will be put to the voters. Martin expects that negotiations on the lease by City Council could take three to six months. Also, the state Attorney General would look over the deal to make sure it complies with Colorado's hospital transfer rules. If everything goes without problems, the voters could be providing the final decision sometime late next year.

For more on the bids and the decision-making process, click here.

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