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Proposed Changes In UHS/Beaufort Medical Center Deal

University Health Systems has amended its original letter of intent when it comes to the lease of the Beaufort County Medical Center.

The closing date has been extended until May 31st and UHS will pay $25 million instead of $30 million, which is tied to adjustments related to the recent hospital audit.

The Beaufort Health Systems board is also asking for a few changes: An allocation of $500,000 from BRHS' Working Capital at closing to an escrow account to address or offset, in part, potential liabilities, and to share the accounts receivable that are collected in excess of what is expected according to the audit.

UHS and the Beaufort Health Systems board will now negotiate the final terms of the letter of intent.


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