Southern Regional Medical Center, (f/k/a Clayton General Hospital), may have to close at the end of the month:
The county commission voted 2 to 3 Tuesday night against a proposal for the county to back a $40 million bond for Southern Regional Health System.
The 331-bed Riverdale hospital must pay $40 million to creditors by the end of the month or risk defaulting — and possibly shutting its doors.
On Tuesday, commissioners told the hospital’s President and CEO Edward Bonn to come back with a better plan.
The hospital has the money to cover the debt in reserves, but has been operating at a loss as of late. In fact, the writer of the story may have buried the lead. It appears that the hospital may actually be in better shape than Clayton County.
The hospital vote came after a 20-minute argument between Bell and Commissioner Wole Ralph about the hospital’s finances. Ralph accused Bell of hiding financial information from the commission.
Bell maintains the county’s finances are in trouble while Ralph, who voted in support of the hospital bond, said the county budget is stable.
The state has frozen grants to Clayton because of incomplete financial records, and auditors have said they cannot trust information from the county’s finance office.
Bell and Gray said they need more information on the county’s finances before helping the hospital. However, that financial information likely won’t be available by the end of the month, Bell said.
I have now reached the conclusion that Clayton County exists for the sole purpose to make the rest of Georgia feel good about itself.