Bowie Memorial Hospital’s Final Sale Deadline Approaching

Bowie Memorial Hospital’s fate continues to change — as the board found out that it may not qualify for the government program they hoped for.
The board wanted to pursue the New Market Tax Credit program. They said they would enter a contract with the Colmar Group through this grant government loan program. But they didn’t qualify in two ways for the program: 20 percent of the population isn’t at poverty level — and they only had a small chance to possibly qualify under distressed medically under-served. The board decided to move on from the program. Now ,they have set a deadline of February 15 for the final sale contract.
“The February 15 deadline is a little quick for somebody to make up their mind if they want to spend several million dollars buying a hospital…. so a little concerned,” Lynn Heller, Interim CEO, said.   
There are three bidders who have expressed interest. The next hospital board meeting is Wednesday.

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