Tag Archives: South Georgia Medical Center

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 asks Lowndes County Commission to guarantee $100 M in bonds 10 October 2011

Commissioners asked some perceptive questions two weeks ago at their work session, as well they should, when South Georgia Medical Center was asking the county to guarantee a hundred million dollars in bonds. Some questions may remain.

Representatives from SGMC gave a two part presentation about expansion of SGMC facilities, to include 96 new private rooms in the Dasher Heart Center, the 5 story parking deck, now under construction and due to be completed in early 2012, and Life Safety and Generator Equipment updates.

Additionally, they spoke briefly on the acquisition of Smith Northview Hospital on September 1, 2011. Smith Northview operates as a campus of SGMC and all Smith Northview employees are now SGMC employees.

The second part of the presentation was about the financial Continue reading

SGMC, Comprehensive Plan, and 4-H at County Commission, 10-11 October 2011

The previous Lowndes County Commission meetings of two weeks ago featured in the work session:
6. Resolution – SGMC Revenue Certificates
Here’s a playlist for the work session of 10 October 2011.

And in the regular session:

7.b. Greater Lowndes 2030 Comprehensive Plan Updates – Lowndes County Report of Accomplishments (ROA) and Short Term Work Program (STWP)
Oh, yes, and this seemingly innocuous PR item:
4. 4-H Presentation
Here’s a playlist for the regular session of 11 October 2011. More posts to follow on these items.

Here’s the agenda.

LOWNDES COUNTY BOARD OF COMMISSIONERS
PROPOSED AGENDA
WORK SESSION, MONDAY, OCTOBER 10, 2011, 8:30 a.m.
REGULAR SESSION, TUESDAY, OCTOBER 11, 2011, 5:30 p.m.
327 N. Ashley Street – 2nd Floor

  1. Call to Order
  2. Invocation
  3. Pledge of Allegiance to the Flag
  4. 4-H Presentation
  5. Minutes for Approval
    1. Work Session — September 26, 2011
    2. Regular Session — September 27, 2011
  6. Resolution – SGMC Revenue Certificates
  7. Public Hearing
    1. REZ-2011-13, Fred’s Dept. Store, 4401 Bemiss Rd., 145c-90a, 2.0 ac., water/sewer, C-H(c) & C- G(c) to C-G
    2. Greater Lowndes 2030 Comprehensive Plan Updates — Lowndes County Report of Accomplishments (ROA) and Short Term Work Program (STWP)
  8. For Consideration
    1. Lowndes County Jail Administration HVAC — Change Order
    2. Section 5311 Rural Transportation Program Capital Contract
    3. Fluke Network OptiView XG
  9. Reports-County Manager
  10. Citizens Wishing to be Heard Please State Name And Address

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