Tag Archives: Smith Northview Hospital

SGMC Hospital Bonds go for sale this week

The bonds the Lowndes County Commission is guaranteeing for South Georgia Medical Center (SGMC) are up for public auction this week.

According to the NYTimes yesterday, Treasury Auctions Set for This Week

The following tax-exempt fixed-income issues are scheduled for pricing this week:

…

ONE DAY DURING THE WEEK

…

Hospital Authority of Valdosta and Lowndes County, Ga., $148.5 million of revenue anticipation certificates. Morgan Keegan

-gretchen

Double Lowndes County Commission tonight: Work 4:30 PM Regular 5:30 PM

Alcohol, rezoning, hospital, debt, and an election! Because Tuesday is Election Day, the Lowndes County Commission changed its regular meeting to Monday. Work sessions are usually Monday in the morning; today the Work Session is at 4:30 PM, just before the Regular Session at 5:30 PM. It’s a busy agenda, including two alcohol licenses, two rezonings, and an appointment to the Hospital Authority of Valdosta and Lowndes County (VLCHA); that’s the body that authorized South Georgia Medical Center (SGMC) buying Smith Northview Hospital, after which SGMC got the County Commission to have we the taxpayers guarantee $100 million in bonds for expansion. Hm, and “SGMC Revenue Certificates” is on this agenda, too.

Here’s the agenda:

LOWNDES COUNTY BOARD OF COMMISSIONERS
PROPOSED AGENDA
WORK SESSION, MONDAY, NOVEMBER 7, 2011, 4:30 p.m.
REGULAR SESSION, MONDAY, NOVEMBER 7, 2011, 5:30 p.m.
327 N. Ashley Street – 2nd Floor
Continue reading →

SGMC absorbs Smith Northview Hospital

What could that $55 million or that $100 million have been used for that would have improved medical care around here?

Kay Harris wrote for the VDT yesterday, SGMC acquisition of Smith Northview official:

Beginning today, Smith Northview is an official campus of South Georgia Medical Center.

Officials from the Hospital Authority of Valdosta-Lowndes County and Ameris Health Systems gathered Wednesday at SGMC to sign the paperwork together to finalize the sale.

SGMC purchased Smith Northview for $55 million, with no assumption of debt. Hospital Authority Attorney Walter H. New said the purchase was financed through an 18-month bridge loan, which is anticipated to be paid in full in December when SGMC is expected to have a $100 million bond issue to pay for current and future projects on the main hospital campus.

Interim CEO for Smith Northview, Shamb Purohit, said, “This is a wonderful moment and we need to celebrate it.”

Yeah, well, he’s paid to say that. I say it’s a sad day. First Smith Hospital moved from Hahira Continue reading →

Hospital Authority

Who approved the $40 million purchase of Smith Northview Hospital by South Georgia Medical Center (SGMC)? The Valdosta-Lowndes County Hospital Authority. Who is that?

Let’s look on their web pages. We would, if they had any. Let’s try the Valdosta city web pages: the link to Hospital Authority gets 404 not found. How about the Lowndes County web pages? Don’t be silly! The Lowndes County government doesn’t provide links to any of the 20+ boards and authorities to which it appoints members.

So where can we find a list of who’s on this board? Why, SGMC: Continue reading →