Sturgis Hospital, Inc. was able to finalize the terms of its acquisition by Asker Corporation, including a management agreement and financial support of the hospital. That agreement will be in place until the acquisition can be approved by the Michigan Attorney General’s office.
Sturgis Hospital
Jamie Eymer, the Sturges-Young Center for the Arts’ event coordinator since June 2022, was hired to the director’s position after the departure of Sheila Bolda in July, effective September 25. Also, an update on Sturgis Hospital.
A series of meetings were held Monday in Sturgis, starting with a special Sturgis Commission meeting at 10 a.m., to guide the city through the initial process of authorize a letter of agreement between the Asker Corporation, the city and the hospital, with a $3 million purchase offer.
The Sturgis City Commission provided “forward momentum” Wednesday by voting to approve the development of an agreement between Sturgis Hospital and a potential buyer. The current outstanding debt service on bonds issued by the City of Sturgis for improvements to the hospital stands at $8,567,631.25, which is being considered in any deal the hospital might make. The hospital has had extensive negotiations with Asker Corp. and “minimal” discussions with a second, unnamed potential purchaser.
Following weeks of financial struggles, Sturgis Hospital Interim CEO Jeremy Gump spoke to the Sturgis City Commission Wednesday to provide an update on hospital operations, as well as the process of finding an organization to acquire the hospital. Though the hospital continues to function tenuously day-to-day, Gump indicated time is running out for the facility.
In a report to commissioners earlier this month, Sturgis Hospital Interim CEO Jeremy Gump said the hospital was in danger of being depleted of funds by the end of June. Now there is no “drop dead” date for the hospital’s closure thanks to a deposit of funds which will allow the facility to continue to operate — at least for a few more weeks.
Sturgis Hospital Interim CEO Jeremy Gump provided Sturgis City Commissioners with a significant update Wednesday regarding the hospital’s financial status. According to Gump, the hospital’s application to become a Rural Emergency Hospital (REH) is still being processed and, if it does not go through within days, Sturgis Hospital will be depleted of all funds.
Sturgis Hospital Board President Jeremy Gump provided Sturgis City Commissioners with an update Wednesday regarding the hospital’s new designation as a Rural Emergency Hospital (REH). Effective May 1 at 7 a.m. Sturgis Hospital will cease admitting inpatients, as it will be discontinuing that service.
A new law will soon go into effect, and Sturgis Hospital will be categorized as a Rural Emergency Hospital (REH). Sturgis Hospital Interim CEO Jeremy Gump was in attendance at a Sturgis City Commission meeting Wednesday to provide an update on the transition.