Officials vote 18-1 to approve sale of Floyd Memorial Hospital - WDRB 41 Louisville News

Officials vote 18-1 to approve sale of Floyd Memorial Hospital

Posted: Updated:

FLOYD COUNTY, Ind. (WDRB) -- After an 18-1 vote Tuesday night, Floyd Memorial Hospital will soon become part of the Baptist Health family.

The closing date -- Sept. 30. 

"We are very excited about the opportunities this merger gives Floyd and the Floyd County community," said Dr. Dan Eichenberger, President and CEO of the hospital.

With the purchase agreement, the county will receive $75 million at closing and an additional $61 million over the next 10 years. 

But not everyone in the meeting was on the same page, because of what some say is a lack of transparency. 

"You have seven council members, they're in debt, they want the money," said Floyd County Commissioner Chuck Freiberger. "I don't know about the hospital board, like I said, we haven't had any meetings." 

Freiberger said the county could have scored a better offer from another bidder and that there were too many conflicts of interest during negotiations.

But he was outnumbered.

"I believe for the hospital, it is a great deal, and for the community, it is a great deal and for the county, it's a good deal," Eichenberger said.

Baptist Health promises it is a good deal for current employees at Floyd Memorial too, as long as they complete Baptist Health's required pre-employment screening. 

Hospital officials say teaming up with a larger health organization means more resources for doctors and patients and more. 

In the contract for the sale of Floyd Memorial, there's a short clause for a large amount of money donated to the Little League in New Albany.

"Baptist Health really is looking to reach out and be a part of the community and really impact the community," said Clint Kaho, Vice President of Baptist Health Louisville.

Baptist Health is donating $2.3 million to help build a new field at Kevin Hammersmith Memorial Park. 

"It will be a wonderful park," Kaho said. "It will have wonderful facilities, and it will be there for many, many people to enjoy." 

There will be plenty of other public meetings in the near future to discuss how the money from this sale will be spent in Floyd County. 

Copyright 2016 WDRB Media. All rights reserved

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.