Conversion Plan Updates

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Jun 22, 2012 09:01 PM
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As of October 24, we have a completed agreement with Bingham Memorial Hospital, Teton County Idaho Board of Commissioners and Teton Valley Health Care to move ahead with a phased conversion of TVHC to a private, nonprofit healthcare organization and formalized affiliation with BMH.  There are several components in motion at this time and while many details will continue to be negotiated, there are several clear steps that are being taken to complete the process.  First, TVHC will become a new legal entity to be known at TVHC, Inc.  This must happen in order to fulfill IRS requirements to apply for the 501c3 designation.  The application will be completed and submitted to the IRS by the end of January 2012. Ongoing negotiations to firm up the management agreement will continue among all three parties (TVHC, BMH, TC BOCC) with firm plans for completion by December 2010.  You may see the entire TVHC Conversion Agreement by following this link: TVHC Conversion Agreement.  The primary objective of the Conversion Plan is to offer a self-sustaining hospital for our community while retaining local management and assets.  Please share your comments and questions via this blog or by contacting Virgil Boss, CEO at vboss@tvhcare.org or 208.354.2677.


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E-Mail: info@tvhcare.org
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120 East Howard Avenue - Driggs, ID 83422