Local group raises enough money to purchase Trumbull Regional Hospital
The group of local stakeholders who are looking to save Trumbull Regional Hospital says they've now secured enough funding to purchase the hospital and are more optimistic than ever.
John Woods, secretary of Warren City Hospital, Inc., told 21 News they still need to raise enough money to operate the hospital for the firs 60-90 days, since it will take roughly that long to start bringing in new cash flow. Woods estimates that will be in the neighborhood of $9 million per month for that 60-90 day period.
For the first time, Woods is also elaborating on the group's mission, which they hope will include not only saving Trumbull, but also all of its satellite offices and Hillside Rehabilitation Center. In addition, the plan would also include doubling the capacity for mental healthcare, a need which he says he knows is critical.
Woods spoke about the community groups who he's working with to help try to make this happen, which he says have grown and now include representatives from Valley Partners, the United Way of Trumbull County, the Governor's office, the state auditor's office, the lieutenant governor's office and JobsOhio.
JobsOhio lists healthcare as one of the ten industries it exists to support.
A spokesperson for JobsOhio said in a statement , "While JobsOhio does not provide incentives to health systems, including Steward Health care, we have joined local leaders and partners to help identify options that could continue the viability of the Trumbull Regional Medical Center so the facility and its workers can continue to serve the community."
Initially Trumbull Memorial Foundation (TMH) refused to help with funding, saying they have a policy of not working with groups that are not recognized as nonprofits by the IRS. But 21 News has learned that Warren City Hospital Inc. has now secured a sponsor agency and TMH now says they are open to possibly helping.