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HSDKC board nets $2.3 million from Capella transaction
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According to information provided to the Chronicle-Independent in response to a S.C. Freedom of Information Act request, the Health Services District of Kershaw County Board of Trustees netted approximately $2.3 million from the $35 million lease/purchase of KershawHealth by Capella Healthcare. Marc A. Quigley, the board’s certified public accountant, said the actual purchase price -- and, therefore, the net difference -- will change as Capella determines exactly how much working capital it needs to run the hospital. As of the Oct. 30 closing and Capella’s Nov. 1 takeover of hospital operations, the working capital adjustment stood at $783,633.