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Floyd Healthcare Management accepts invitation to manage Cherokee Medical Center

April 13, 2018--7:00 a.m.

NEWS RELEASE

During a specially called meeting of Floyd Healthcare Management Inc. (FHMI) on Thursday, April 12, 2018, the board voted to accept the invitation of the Cherokee County Health Care Authority (CCHCA) for a Floyd subsidiary to manage Cherokee Medical Center in the event that CCHCA purchases the hospital.

The arrangement would be a lease management agreement at no purchase or lease price by Floyd other than $1.

Certain contingencies and regulatory requirements must be met before the lease will become final.

Additional details will be forthcoming