Kokomo Tribune; Kokomo, Indiana

Local News

May 2, 2012

Howard Regional talks still ongoing

CEO had hoped to already have deal finished

Acquisition talks between Howard Regional Health System and Community Health Network, Indianapolis, are still moving forward, Howard officials said Tuesday, with important upcoming meetings scheduled for both entities’ boards.

Both hospital groups released a letter of intent in January, setting out details of a planned takeover of Howard, in which Community would acquire the Kokomo hospital’s assets in return for assuming more than $50 million in debt.

Three key meetings in the process are expected to take place in the next two weeks, including meetings by the boards of both Howard and Community.

This week, state officials with the Indiana Finance Authority announced they’ll hold a May 15 public hearing in Indianapolis on a request to transfer Howard’s tax-exempt debt obligations to Community.

Howard chief financial officer Alan Biggs said a new corporation, Community Howard Regional Health Inc., will be formed as the new owner of all of the hospital’s assets and liabilities.

Just after the potential deal was announced, James Alender, president of Howard Regional, said the affiliation with Community Health Network will be more of a partnership.

“We will be a wholly owned subsidiary of Community Health Network,” he said. “Our goal was to look for a partner that would allow us to continue to provide health care in the region.”

Alender said Howard Regional will serve as the northern anchor of Community Health Network’s central Indiana strategy.

The hospital’s name would be changed to Community Howard Regional Health.

The deal must still pass a vote by both the Howard County Council and the Howard County commissioners, and hospital officials are planning to have the required public meeting on the proposal near the end of May.

Alender initially said he hoped the deal would be finished by May 1, and the letter of intent between Howard and Community set April 30 as the ending date of an exclusive negotiating period.

Text Only | Photo Reprints
Local News
  • Pence pushing Medicaid alternative during DC trip INDIANAPOLIS (AP) — Indiana Gov. Mike Pence is heading to Washington to seek federal approval of his proposed state-run alternative to traditional Medicaid in order to expand health care coverage for low-income residents. The governor's office says P

    July 30, 2014

  • mopeds Mo-ped law means some scooters now require license With more and more mo-peds hitting the streets, police are having a hard time enforcing new restrictions encompassed in the new scooter law. Mo-ped drivers can still cruise the streets and roads on their two-wheel machines, but the new state law, whi

    July 29, 2014 2 Photos

  • Indianapolis man buys 2 $1M tickets in 3 months INDIANAPOLIS (AP) — An Indianapolis man is celebrating his second $1 million Hoosier Lottery prize in the past three months. Lottery officials say Robert Hamilton won a $1 million prize from a scratch-off ticket he bought last week at a convenience s

    July 30, 2014

  • Two arrested in purse-, wallet-snatching spree

    Two people were arrested late last week in relation to a string of purse and wallet thefts from shopping carts in local department stores.

    July 30, 2014

  • Frankfort teen dies after rescue from Indiana city pool FRANKFORT (AP) — Authorities say a 15-year-old boy pulled from a central Indiana city pool has died. Frankfort Mayor Chris McBarnes says Adrian Alanis died in an Indianapolis hospital on Tuesday, the day after he was rescued from the deep end of the

    July 30, 2014

  • YMCA front rendering NIPSCO donates $50K to YMCA campaign The Northern Indiana Public Service Company donated $50,000 Tuesday to the Kokomo Family YMCA’s Beyond the Bricks campaign to build a new Y in downtown Kokomo.“The Y is a great resource for the community, so we’re glad to help it grow and add to the

    July 30, 2014 1 Photo

  • Fatal Truck+Car Accident03 Woman killed after vehicle collides with semi head-on A woman was killed Monday night after her vehicle collided with a semi truck in the northbound lanes of U.S. 31 near the junction with U.S. 931.Elizabeth Ann Jeffries, 41, Monticello, died after her car apparently left the road and entered oncoming,

    July 30, 2014 1 Photo

  • Bldg Wall Collapse 01 KipCor purchases partially collapsed downtown building A building that has long been a part of downtown Kokomo’s landscape will remain intact, but undergo extensive demolition, after being purchased by a company that has been active in the city’s redevelopment efforts. The Barko building, also known as t

    July 29, 2014 1 Photo

  • Supreme Court observers predict ‘wide open’ process of picking of next chief INDIANAPOLIS — State Supreme Court Chief Justice Brent Dickson surprised observers in June when he decided to step down after a brief tenure in the leadership post. Another surprise may be in store when his replacement is named. A seven-member panel

    July 29, 2014

  • Council committee to present dog ordinance draft Aug. 11 Kokomo Common Council committee members will provide a draft of proposed changes to its dog ordinance at its Aug. 11 meeting. The release date for the draft was pushed back following a committee meeting where 25 members of the public aired their conc

    July 29, 2014

Latest news
Featured Ads
Only on our website
AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries