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New Hanover hospital looks ahead to finalizing Novant sale

Among the issues that have frequented headlines and been the topic of public conversation and debate in 2020, the sale of New Hanover Regional Medical Center sits high on the list.
When a divided New Hanover County Board of Commissioners voted to pursue the possible sale of the largest employer in the county in September 2019, officials and citizens had questions about what the sale would mean for the future of the hospital and the area.
Since then critics of the sale, like Save Our Hospital Inc., have said the process was rushed, lacked transparency and feared a sale could not only lower the quality of care and increase costs, but put taxpayer money in the hands of groups not from the county. ....

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Nonprofit foundation in charge of $1.25B from NHRMC sale names 11-person board of directors

Nonprofit foundation in charge of $1.25B from NHRMC sale names 11-person board of directors
By WECT Staff | December 14, 2020 at 3:37 PM EST - Updated December 14 at 8:37 PM
WILMINGTON, N.C. (WECT) - The nonprofit organization that will manage and invest $1.25 billion from the sale of New Hanover Regional Medical Center to Novant Health has announced its board of directors.
Back in October, the New Hanover County Commissioners voted to establish the nonprofit as a 501(c)(3) known as the New Hanover Community Endowment, Inc. The nonprofit has since been registered with the state and will seek tax exemption status with the Internal Revenue Service. ....

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