23 Aug WHO EXACTLY OWNS MISSION HEALTH CARE NOW AND WHO WILL BE RECEIVING THIS BILLION DOLLARS?
Mission Health is a not-for-profit, independent, community-governed health system. Our Board of Directors – all of whom are community volunteers – have both the legal and fiduciary responsibility for the organization. Mission Health does not have shareholders and no one – not the Board, nor CEO nor management – stands to personally benefit from this transaction. Because there are no individual “owners” and because the health system has benefited from its non-profit status, the proceeds must go exclusively to the benefit of the community. That’s why all of the remaining cash and investments will ultimately be transferred to the Dogwood Health Trust, with the sole mission of dramatically improving the health and well-being of all people and communities of western North Carolina.