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KH board to discuss old PTHS property, Capella deal tonight

Posted: July 24, 2015 2:03 p.m.
Updated: July 27, 2015 1:00 a.m.

The KershawHealth Board of Trustees will enter executive session at the end of its meeting tonight to receive and update and legal advice on two topics. One item concerns the old Pine Tree Hill Elementary School property on Lakeshore Drive. KershawHealth purchased portions of the former school property from the city of Camden a number of years ago after the city purchased the property from the Kershaw County School District.

Currently, the hospital uses the property as an annex and for additional staff parking. There has been some indication during the last two years KershawHealth may wish to build a new facility for Karesh Long Term Care on the site.

The other executive session item concerns the pending Capella Healthcare/MUSC Health transaction. Capella has offered $36 million to lease KershawHealth’s real estate and purchase its furniture, fixtures and equipment. Capella would then operate the hospital in partnership with MUSC Health, the patient care arm of the Medical University of South Carolina. Tonight’s meeting is the last before a letter of intent between the parties expires on Friday.

The board has extended the letter of intent several times from March 31 ultimately to this week. Tonight’s agenda does not indicate one way or the other if the board plans to do so again.

Also in the executive session, trustees will receive a medical staff report and a report from the board’s compliance committee.

In other business tonight, the board will:

• receive a quality update and report from Trustee Dr. Tallulah Holmstrom;

• receive a report from CEO Terry Gunn; and

• receive a report on June’s finances from Executive Vice President and COO/CFO Mike Bunch.

Tonight’s meeting starts at 6 p.m. at the Health Resource Center on Battleship Road in Camden, and is open to the public.

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