Very little information has thus far been released however it does appear Cherokee Medical Center could possibly be entering into a new relationship in the not-too-distant future.
During a specially called meeting of Floyd Healthcare Management Inc. (FHMI) on Thursday, April 12th (2018) the board voted to accept the invitation from 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 $1.00. Certain contingencies and regulatory requirements would have to be met prior to the lease becoming final.
Additional details will be forthcoming.