23 Aug SO THERE HAS BEEN A GREAT DEAL OF WRITING AND REPORTING ON THE PROPOSED SALE OF THE MISSION HEALTHCARE SYSTEM. LOTS OF NUMBERS BEING THROWN AROUND, BUT IT SEEMS THE PRICE TAG WILL BE OVER $1 BILLION. SO WHO GETS THE MONEY?
If and when the sale of Mission Health to HCA Healthcare is consummated, the sale proceeds will be combined with Mission Health’s cash and investments (not the cash or investments from any foundation). From that amount, Mission Health will pay off all outstanding debt and there will be what’s called a “working capital adjustment” to ensure a neutral transfer of Mission Health assets to HCA. Whatever remains will go into the Dogwood Health Trust. The graphic below does a good job of illustrating this.