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Nonprofit Mission made lots of profits, especially for bosses

Nonprofit Mission made lots of profits, especially for bosses Peter H. Lewis and Barbara Durr, Asheville Watchdog © Angeli Wright/awright@citizen-times.com An ambulance parked outside of Mission Hospital. Popular Searches The money left over after Asheville-based Mission subtracted its expenses from its revenue what would be called profit at a for-profit hospital grew year after year, right up to 2018, when Mission’s directors surprised nearly everyone by announcing plans to sell out to Tennessee-based HCA Healthcare, the nation’s biggest chain of for-profit hospitals. Mission at the time was as strong financially as it had ever been, which Mission’s executives said made it the perfect time to sell. They cited trends and studies suggesting that the Mission system faced a bleak future of relentless cost-cutting.

Additional community endowment board members named

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.

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