Bringing back the hospital

By: Daniel Gotera Email
By: Daniel Gotera Email

BONHAM, Tex. -- Officials at the Red River Regional Hospital in Bonham say they want to bring ownership of the hospital back to the community that uses it the most.

Red River Regional Hospital in Bonham could soon be under new ownership, but those new owners aren't necessarily new to the hospital.

"That’s one of the reasons that we conceived of this idea. It’s kind of free-standing from the whole group, and we thought we had a good chance, and they were willing to entertain that possibility, and we are in discussions with them about getting this done."

David Conejo is the CEO at Red River Regional and says over the past three months hospital officials have been working together to form a local investment group consisting of physicians and area leaders to buy back the hospital from Adentus Healthcare for an estimated value of $5.5 million.

It’s an investment which Conejo says will pay off in the end.

"We anticipate that within 12 months time the value on this will be much higher just based on the improvements that have been made in the last couple of years and then capitalizing on those improvements."

Conejo says the investment group will raise $2 million to put toward the total cost and split up ownership amongst the group with no one group member owning more than 10% of the hospital.

"In that regard, you're not going to have physicians swayed by directing people to the hospital if they need to go elsewhere for a higher level of care."

Red River Regional was built 38 years ago, and at the time was owned my multiple donors.

Now officials are trying to reapply that idea, hoping the sale goes through and is complete by the beginning of next year.

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  • by P. U. Nethgil Location: Sherman on Nov 1, 2007 at 10:08 PM
    Whatever it takes to get rid of control from for-profit companies. This move, should it happen, will make the facility more accountable to the people it serves, and take its marching orders locally, not from Sodom-on-the-Cumberland. And while we're selling off for-profit hospitals, how's about Essent finnaly throwing in the towel and selling off PRMC in Paris to someone who actually knows how to run a hospital, nut just milk it for all it's worth to keep the others in the vast empire (4 other hospitals, all back East) in the black.
  • by Not good enough for my dogs Location: Bonham on Oct 31, 2007 at 07:40 PM
    I was in the ER about a month ago. My blood pressure was stroke level and I had severe headache and nausea.I laid on a bed for at least an hour before being seen by a doctor. An hour after the doctor left out the xray tech came and took me for a catscan of my head for burst blood veins. After I laid there for 30 mins. he informed me the machine was not working properly. I then went back to the ER for another hour wait before they decided to medicate me, which by that time my pain had gone away and my blood pressure was back down to almost normal. I will never go there again. I guess someone has to die to get anyones attention there. New Doctors and nurses are needed there along with someone that knows what in the hell is going on. All the are worried about is whether or not they will get any money. And for you who will ask, I HAVE VERY GOOD INSURANCE.
  • by Will Use it location Location: Bonham on Oct 31, 2007 at 04:23 PM
    wonder how long its been since "won't use it" was actually in the hospital? I have been there recently and would use it any time. Good luck on the buy out.
  • by Won't Use It Location: Ector on Oct 31, 2007 at 07:26 AM
    They'd have to have more than new owners to get me inside that hospital.
  • by Butch "Dubya" Hickson Location: The Stix on Oct 30, 2007 at 09:02 PM
    Atta boy there uhhh... Fannin County.
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