Officials in New Albany discuss pros and cons of Floyd Memorial - WDRB 41 Louisville News

Officials in New Albany discuss pros and cons of Floyd Memorial Hospital sale

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FLOYD COUNTY, Ind. (WDRB) -- There's a big push to finalize the sale of Floyd Memorial Hospital.

Officials are aiming for a done deal sooner rather later, because to them, it comes down to survival. 

For months, we've heard about the money, the companies and the tentative terms of the deal. But one thing was missing in all that. 

That missing part was the people. Tuesday night at a public meeting in New Albany was the first chance for the community to weigh in on the pending sale of the hospital.

"We have been as transparent with the staff as we can possibly be, but the staff is actually excited about the opportunities," one speaker said. 

Earlier this year, Floyd County officials said they reached a tentative deal with Baptist Health. Many on the board and in the audience saw the deal as win-win, but still some had their reservations. 

"I don't think we should sell the hospital, because our county's budget is turmoil, said Floyd County councilman Chuck Freiberger."

The county auditor says Floyd County's budget is in fact over $1 million in the red this year, and the projected sale of the hospital would be $150 million. A total of $75 million would be paid up front.  

"I think the process has been a very good one, as open as you could be in a deal of this size, said Dr. Daniel Eichenberger, CEO of Floyd Memorial." 

Tuesday's open meeting was information and input driven. No decisions were made. From here a public hearing is slated for June 28. After that, officials can proceed to a final vote. 

If all sides agree to everything, Baptist Health would close on the deal Oct. 1.

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