Sierra Kings Healthcare District Lease and Sale of Assets, Measure G (June 2011)
A Sierra Kings Health Care District Lease and Sale of Assets, Measure G was on the June 7, 2011 ballot for voters in the Sierra Kings Health Care District, where it was approved.[1]
Measure G permits the Sierra Kings Health Care District to:
- Enter into a lease (with an option to sell) of the district's real estate and building.
- Sell the district "non-real property assets," such as furnishings.
It is likely that the district will enter into a sales/lease agreement with Adventist Health/Central Valley Network. The terms of the intended deal include:
- A 15-year lease of the hospital property at $800,000 annually, subject to increases.[2]
- Purchase of the rural health clinics for $4.6 million
- Purchase of equipment for $3.7 million
- $4.5 million for outstanding payments from insurance companies.
- Retiring Sierra Kings approximately $7.5 million in revenue bonds.[1]
Sierra Kings has clinics in Carbo, Dinuba, Orange Cove and Parlier and a 49-bed health and birthing center in Reedley.
The Sierra Kings district filed for Chapter 9 bankruptcy protection in October 2009.[3] According to Sandy Haskins, the interim chief executive officer of Sierra Kings, Measure G and the intended merger with Adventist "...assures continued access to health care in the district. We view this as a partnership to best serve the health-care needs of the residents of the district."[1]
The Adventist Health/Central Valley Network operates the Adventist Medical Center in Hanford and the Selma Community Hospital and numerous clinics in the San Joaquin Valley.[1]
Election results
| Measure G | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes
|
2,380 | 95.35% | ||
| No | 116 | 4.65% | ||
- Election results from the Fresno County elections office as of 5:00 a.m. on June 8, 2011.
Supporters
Supporters included Annette Payne, who said, "We need [the Sierra Kings District Hospital] first of all for all the patients that come here because if they don't where are they going to go to Selma? A lot of them don't have cars and if an emergency an ambulance they go to Fresno. It's needed here not only for the community here but all around."[4]
Text of measure
The question on the ballot:
| Measure to Preserve Community Health Care. To retain access to hospital, emergency, surgical, radiology, obstetrical/gynecology, clinic and physician services at Sierra Kings Health Care District (“District”); should the District approve (1) a lease, with an option to sell, all of the District’s improved real property assets, and (2) the sale of the District’s non-real property assets, for fair market value as determined by independent appraisal, with no cost liability to taxpayers, to Adventist Health or an affiliated entity?[5] |
External links
Footnotes
- ↑ 1.0 1.1 1.2 1.3 Fresno Bee, "Vote to decide if Adventist Health can buy Sierra Kings," April 16, 2011
- ↑ California Healthline, "California Hospital News Roundup for the Week of April 22, 2011," April 22, 2011
- ↑ The Business Journal, "Sierra Kings moves toward merger with Adventist," April 22, 2011
- ↑ ABC, "Reedley fights to keep a hospital open," May 23, 2011
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
