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In the past two decades countless nonprofit community hospitals and health care facilities have combined with for-profit institutions, joined large nonprofit systems, or converted to joint ventures with for-profit chains. As we enter the next millennium, this trend is accelerating.
Health Care Alliances and Conversions provides nonprofit directors with all the practical advice they need to plan for their institution's future and to create decision-making systems that will eliminate their risk of personal liability. This advice is particularly timely when it comes to nonprofit hospital conversions and alliances.
Health Care Alliances and Conversions provides nonprofit hospital directors and senior managers with practical guidance for understanding the numerous forms of conversions including the most controversial type of transactions—joint ventures with for-profit chains. The book is filled with the information and tools health care leaders need to plan for the future of their institutions and effectively evaluate their strategic partnering options.
In clear, concise, and non-legal language, authors James R. Schwartz and H. Chester Horn, Jr.—the nation's leading experts in the health care conversion field—explain nonprofit directors? fiduciary duties in these complex conversion transactions and offer practical advice that can help facilitate this difficult decision-making process. The book clarifies nonprofit directors? and trustees? responsibilities to the communities they serve and offers solid recommendations on how to manage the conversion process without damaging institutions? or directors? reputations.
The authors describe how to create marketing and valuation strategies that will meet the legal standards enforced by government regulators. They also reveal the steps for quickly closing a deal and provide the keys to avoiding pitfalls that can block approval. Step by step the book outlines how trustees and directors can protect themselves from personal liability, and explains the legal limitations on the use of conversion proceeds. In addition, the book is filled with easy-to-understand charts and tables that provide a handy reference summary of the legal duties that apply to these complex transactions.
A Blueprint for Effective Board Oversight and Action Filled with practical information and step-by-step guidance, Health Care Alliances and Conversions is an indispensable resource for directors and trustees who are coping with the decision to convert their not-for-profit health care institutions.
"James Schwartz and Chet Horn . . . are now the nation's leading experts on not-for-profit hospital sales and conversions. Reading this book is truly learning at the knee of the master. It is indispensable for not-for-profit boards of directors'from the Foreword by Linda Miller, president, Volunteer Trustees Foundation for Research and Education
"This book is a comprehensive primer in the arcane world of nonprofit hospital asset conversions. It is a -must read? for nonprofit hospital trustees who are contemplating a sale, lease, or joint venture with a for-profit company."—Bud Lee, president, California Association of Catholic Hospitals
"The guide for decision makers, a how-to-do-it manual for every nonprofit hospital director in America. Our country's health care will be much improved if directors buy and read this book."?Phillip L. Isenberg, of counsel with the firm of Hyde, Miller, Owen & Trost, Sacramento, California; former California State Assemblyman and author of California's law regulating the sale or joint venturing of nonprofit hospitals with for-profits
The book contains black-and-white illustrations.
This book is a ground-breaking tool for board members and community representatives coping with the decision to convert their not-for-profit health care institutions to for-profit status.
|3||Planning for the Post-Conversion Charity||35|
|4||Selling Your Hospital||53|
|6||Legal Protections for Directors and Trustees - and the Consequences for Failing to Use Them||121|
|App. A: Glossary||147|
|App. B||The Law of Fiduciary Duties Affecting Directors and Trustees of Nonprofit Hospitals||151|