09 Oct 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?
Posted at 12:25h in
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