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Capella letter of intent extended again
KH board executive committee votes to extend deal to July 31
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The KershawHealth Board of Trustees’ executive committee voted unanimously Thursday night to extend a letter of intent (LOI) concerning the pending takeover of the hospital by Capella Healthcare, of Franklin, Tenn., to July 31. The committee consists of Board Chair Karen Eckford, Vice Chair Dr. Tallulah Holmstrom and Trustee Steven Holliday Jr. Capella Healthcare plans to pay the board $36 million to lease KershawHealth’s real estate; purchase its furniture, fixtures and equipment; and operate the hospital with MUSC Health, the patient care arm of the Medical University of South Carolina. This marks the third extension of the LOI, which all involved parties signed in December.