CLINTON COUNTY, Ind. (WLFI) — IU Health is now officially leasing a Frankfort hospital that’s been around for more than 16 years. The transaction has been in the works for more than three years.
Clinton County commissioners and council members unanimously voted to make IU Health the new face of the Frankfort hospital.
IU Health signed a five-year lease with renewal options and will pay $1 million annually.
IU Health plans to employ all St. Vincent employees in good standing at current salary.
The transition comes after St. Vincent decided not to renew its lease. However, the hospital plans to work closely with officials during the transition.
Commissioner Bert Weaver said he is excited for the transition and is hopeful IU Health will bring in economic growth.
“It’s been a very large undertaking. Quite honestly, I’m glad it’s done,” Weaver said. “The ink was signed this evening, and I think it’s going to be an excellent thing for all of us.”
St. Vincent will operate as normal until May 31, 2017. The transition from St. Vincent to IU Health will happen June 1, 2017.