Bowie Hospital Authority to initiate dissolution process

The former Bowie Memorial Hospital which closed last November.

The Bowie Hospital Authority Board will meet at 5 p.m. on May 5 and begin dissolution of the authority pending the closing of the building sale set on May 16.

A corporate resolution would begin dissolving the authority according to state law and the city charter. Board approval is sought for President Tim Winn and Treasurer Ward Wallace to have authority to execute all documents for the sale of the hospital, release, equipment and fixtures.

Chief Executive Officer Lynn Heller will ask to negotiate with the Bowie Economic Development Corporation to be custodian of the outstanding bad debts and judgment cases and the escrow account require by the asset purchase agreement.

Other items include insurance coverage, status of the remaining hospital employees, proposal to purchase current accounts receivable and the home health and hospice license.

An executive session is listed for real property.