OTHER AGENCIES AND ORGANIZATIONS
Halifax Hospital Medical CenterHalifax Hospital Medical Center
NOTICE PURSUANT TO SECTION 155.40(5)(E)1., FLORIDA STATUTES
On November 5, 2012, Halifax Hospital Medical Center Board of Commissioners held a public hearing to evaluate the possible benefits to the community from the sale or lease of the hospital facilities to a not-for-profit or for-profit entity. Kauffman Hall, a firm that has substantial expertise in the valuation of hospitals, presented a comparison of the hospital to other similarly situated hospitals, including other district, not-for-profit and for-profit, which have a similar service mix, in order to determine whether there is a difference in the cost of operation using publicly available data. Kauffman Hall also rendered an independent valuation of the hospital’s fair market value. The Board of Commissioners solicited public input at the hearing.
The presentation showed there is no significant difference in the cost and quality profile of Halifax Hospital Medical Center compared to similar organizations in the district, not-for-profit and for-profit ownership groups. Halifax Hospital Medical Center has managed a competitive cost and quality position while reducing its tax burden year over year since 2007. Additionally, Halifax Hospital Medical Center has expanded service levels and continues to provide significant community benefit to uninsured and underinsured populations.
In compliance with Florida Statute §155.40, the Halifax Hospital Medical Center Board of Commissioners determined it was in the best interest of the community to continue to own and operate Halifax Hospital Medical Center as a public not-for profit entity, rather than sell or lease the hospital’s facilities.
