23 Aug WILL THE PUBLIC GET TO SEE THE SALE AGREEMENT BEFORE THE DEAL IS DONE?
While a sales agreement is typically not a publicly shared document and includes confidential information from both the buyer and the seller, it is unlike to be made public. That said, we have and will continue to keep the public informed on where we are in the process and how and if the anticipated arrangement might change.
Because the health system has benefited from its non-profit status, the proceeds must go exclusively to benefit the community. That’s why all of Mission Health’s remaining cash and investments – after all debts have been paid – will ultimately be transferred to the newly formed Dogwood Health Trust. Dogwood Health Trusts’ sole mission is to dramatically improving the health and well-being of all people and communities of western North Carolina. Once these sale proceeds are transferred to the Dogwood Health Trust, which will be a nonprofit, private non-operating foundation, its assets will be a public record.