Oconee Regional to be sold in near future per Baldwin County paper—How Will this Affect Jasper Memorial?

December 14, 2016

JMH Logo

According to the report today, a private company is considering buying the public entity, and Jasper Memorial will be impacted one way or another.

Johnson said one of them involves ORMC’s relationship with Jasper Memorial Hospital in Monticello. Oconee Regional Health Systems, Inc. manages the hospital there.

“We don’t own them outright,” he said. “We have a long-term release which has a number of years still remaining on it. Our board members feel they are duty-bound to that hospital. We’ve taken them and made them feel like they were one of us. They are a part of us.”

Bottom line is that local hospital officials want to make sure that Jasper Memorial Hospital is treated right, Johnson said.  He said he still isn’t sure how that is going to go at this time.”

Read entire article here:
http://www.unionrecorder.com/news/local_news/oconee-regional-to-be-sold-in-near-future/article_a2624ae6-c1ac-11e6-bf49-b7f3caffb20b.html

 

Oconee Regional has been having a hard time.  The bonds, issued by the Baldwin County Hospital Authority, have had two (2) defaults this year.

 Georgia’s Oconee Hospital Defaults Again

U.S. Bank N.A., the trustee for Oconee Regional Medical Center, notified bondholders Tuesday that the Georgia hospital defaulted on its Dec. 1 principal bond payment. It is the second default this year.

http://www.bondbuyer.com/news/regionalnews/georgias-oconee-hospital-defaults-again-1119764-1.html

Georgia Hospital Misses Bond Payment – Fixed Income News | Fidelity …

Jun 17, 2016 – Georgia’s Oconee Regional Medical Center missed its June 1 bond payment … The default led S&P Global Ratings to slash the ORMC’s ratings …

Baldwin County Georgia Hospital Authority Revenue Bonds – Oconee Regional Medical Center

CUSIP:   058024AV2

Coupon:  5.250%

Maturity Date:    2022-12-01

Insured?  NO

Oconee Regional and Navicent Health cut ties | WGXA

wgxa.tv/news/local/oconeeregional-and-navicent-health-cut-ties

Sep 24, 2015 – The Oconee Regional Medical Center in Milledgeville and the Medical … Regional is again facing default on its multi-million dollar bonds.

 

TWG

Citizens, be informed and stay informed!  Only by being informed, can the citizens understand what is being done and talked about, and then press our officials to make good decisions for everyone in Jasper County.  That is our goal with the Taxdogs blog.

www.taxdogs.wordpress.com

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