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030420 Randolph Health Closed Session – Randolph Health — March 4, 2020 At 6:02 p.m., the Board convened in closed pursuant to North Carolina General Statutes Section 143-318.11 for the purpose of discussing competitive healthcare activities by or on behalf of Randolph Health, which discussion is privileged and confidential pursuant to North Carolina General Statutes Section 131E-97.3, as is permitted by North Carolina General Statutes Section 143-318.11(a)(1).” Chairman Darrell Frye, Vice-Chairman David Allen, Commissioner Kenny Kidd, Commissioner Maxton McDowell, and Commissioner Hope Haywood were present. Also present were County Manager Hal Johnson, Finance Officer Will Massie, County Attorney Ben Morgan, Associate County Attorney Aimee Scotton, Clerk to the Board Dana Crisco, and Deputy Clerk to the Board Sarah Pack. Also present were Asheboro Mayor David Smith, Asheboro City Council Members Charles Swiers, Clark Bell, Walker Moffitt, Eddie Burks, and Jane Redding. Also present with the City of Asheboro were City Manager John Ogburn, Attorney Jeff Sugg, and Clerk to the Board Holly Doerr. City Council members Linda Carter and Katie Snuggs were absent. Those present representing the hospital were CEO Angie Orth, Senior Director of Public Relations and Development April Thornton, Attorney Jason Hendron, Attorney Bob Wilson, Board Chairman Mac Pugh, and Isaac Squyers, Consultant with Jarrard. Angie Orth, CEO, said the hospital will be filing Chapter 11 Bankruptcy in the United States th Middle District of North Carolina on Friday, March 6 at 12:00 pm. The hospital had also hired Houlihan-Lokey, an acquisition and merger firm, to help in locating a possible successor hospital. She introduced April Thornton and Isacc Squyers who explained the appropriate communications to give to the public during this time of debt restructuring. Chairman Frye referenced a media statement that had been distributed to everyone present. It had been drafted in preparation for Randolph Health’s filing of a petition for relief under Chapter 11 of the Bankruptcy Code. The Board was in consensus that the statement was reflective of the Board’s position. At 7:27 p.m., on motion of Allen, seconded by Kidd, the Board voted unanimously to end closed session and return to open session. ________________________________ _________________________________ Darrell L. Frye, Chairman David Allen ________________________________ _________________________________ Kenny Kidd Maxton McDowell ________________________________ ________________________________ Hope Haywood Dana Crisco, Clerk to the Board 03/04/20 ***This page was intentionally left blank.*** 03/04/20