By ANDY GARDNER MASSENA -- Massena Memorial Hospital officials are still not close to publicly naming the health system with which they want to affiliate. MMH is going through the process of …
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By ANDY GARDNER
MASSENA -- Massena Memorial Hospital officials are still not close to publicly naming the health system with which they want to affiliate.
MMH is going through the process of privatizing, which includes picking a bigger system which they will join to some degree.
Although CEO Robert Wolleben late last year said he was hopeful they could name the potential affiliate by February, but on Monday MMH board finance committee chairman Scott Wilson said he can’t commit to them being able give the name by next month.
Wolleben showed the board a presentation that showed they are eyeing a single entity.
“We’ve talked to a specific group about a term sheet and letter of intent,” Wolleben said. “We’re in the process of developing that term sheet.
“We hope to have the draft term sheet and letter of intent for review by this full group at the next meeting so we can move this process along.”
“The affiliation work plan letter of intent will be discussed at the next Board of Managers meeting,” board member Sue Bellor said Monday.
Wolleben said as of now, he hopes the process of privatizing and losing their municipal status will finish by the end of the year.
“We’re hoping to complete the asset transfer by the summer or fall … so we can convert to a 501c3 … by the end of the year,” he said.
They are also negotiating with the town to determine what the town will be reimbursed for their asset.
“We’re responding to the town’s data request. There’s been several conversations about specific questions, but not much more to share on that,” Wolleben said at the Monday meeting.
They are also waiting on the IRS to approve their non-profit application, which could take months.
“Some of it is out of our hands,” he said.