Funders to approach for Hospital Authority of Clarke County Georgia

The hospital authority of clarke county, Georgia (authority) was established in 1941 by a resolution of the board of commissioners of clarke county, Georgia (the unified government of Athens - clarke county, Georgia). The authority, a public corporation and an instrumentality of the state of Georgia, is organized and exists under the Georgia hospital authorities law. On july 1, 1995, Athens regional medical center, inc. ("armc") executed a restructuring plan with the Athens-clarke county hospital authority. The restructuring was accomplished through a lease and transfer agreeement executed between the authority and armc, inc. As part of the agreement, the authority leases, over a period of 40 years, the assets of the medical center and other facilities of the authority to armc, inc. For a nominal fee. The lease term is 40 years and contains a right of renewal for an additional 40 years. In addition, the authority transferred to armc, inc. The hospital operations, all remaining…