New Endowment Board names additional members wilmingtonbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilmingtonbiz.com Daily Mail and Mail on Sunday newspapers.
(Top row, from left to right) Bill Cameron, Stedman Stevens, Cedric Dickerson, Michele Holbrook; (middle row) Spence Broadhurst, Dr. Virginia Adams, Chris Boney, Dr. Patrick Maguire; (bottom row) David Sprunt, Hannah Gage. Not pictured: Shannon Winslow.
NEW HANOVER COUNTY The entire 11-member board of the newfound New Hanover Community Endowment, Inc. nonprofit has been named, with board members recently conducting their first meeting.
The endowment is tasked with managing $1.25 billion the lion’s share of sale proceeds generated by the sale of New Hanover Regional Medical Center to Novant Health.
Regulators are currently reviewing the sale in advance of its anticipated closing date, which is expected sometime in the first quarter of 2021.
By Christina Haley O Neal, posted Dec 14, 2020 The New Hanover Community Endowment group has announced the remaining additions to its 11-member Board of Directors, according to a news release.
Six people, all New Hanover County residents, were named to the board, on top of five people previously selected when the New Hanover County Board of Commissioners in October established the nonprofit corporation charged with overseeing the estimated $1.25 billion from the sale of the county-owned New Hanover Regional Medical Center.
The nearly $2 billion sale to Winston-Salem-based Novant Health is expected to close early next year. A new regional local board charged with overseeing the hospital after the sale has selected the new members to the endowment board.