Dogwood Health Trust Proceeds = Sale Price + Cash/Investments – Debts/Other obligations – I know the sale price (1.5 billion) and the debts (584 million) But I’m not certain which number is the Cash/Investments. Is it the total current assets of 519 million or something else?

Dogwood Health Trust Proceeds = Sale Price + Cash/Investments – Debts/Other obligations – I know the sale price (1.5 billion) and the debts (584 million) But I’m not certain which number is the Cash/Investments. Is it the total current assets of 519 million or something else?

On Mission Health’s September 2017 financial statements, our cash and investments totaled $1.13 billion.  Of this, the following items were committed or required:

  • Dogwood Insurance Reserve – $64.4 million
  • Debt Service – $19.7 million
  • Donor Restricted Funds – $18.3 million
  • New Tower (Mission for Advanced Medicine) Funding – $171.4 million

This would reduce the net available at 9/30/17 to: $858 million