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.
Cherokee Medical Center is a 60-bed hospital in Centre, Ala., serving residents and visitors of Cherokee County, Ala., with an array of services including diagnostic imaging, drug and alcohol treatment, emergency care, laboratory services, nutritional services, pharmacy, respiratory care, rehabilitation services, surgical services and subacute rehabilitation care.
