In a Monday afternoon release to the media, officials with University Medical Center (UMC) of El Paso announced that no agreement had been reached with El Paso Children’s Hospital (EPCH).
A few hours later, EPCH had a response of their own. Both are included below.
EL PASO CHILDREN’S HOSPITAL STATEMENT:
For the past two weeks, the respective parties (EPCH, UMC, CCC) devoted considerable time, effort, and resources to these negotiations. El Paso Children’s Hospital met every deadline that the County Commissioners Court and UMC set forth and negotiated in good faith. El Paso Children’s Hospital accepted UMC’s Thursday offer based on their terms and deadlines.
El Paso Children’s Hospital is stunned by the latest developments from UMC. EPCH timely accepted the offer as it was explained to us by legal counsel to UMC. If any miscommunication occurred it is between UMC, County Commissioners Court and their legal counsel.
As we have stated before, El Paso Children’s Hospital will continue serving the best interests of the critically ill and injured children of our community and surrounding region. Our commitment to this community has not wavered. We will maintain the mission and vision of El Paso Children’s Hospital, embodied in the proposition approved by the voters of El Paso County.
UNIVERSITY MEDICAL CENTER STATEMENT:
The University Medical Center of El Paso (UMC) today announced that it has not reached agreement with El Paso Children’s Hospital (EPCH) on its most recent term sheet. UMC welcomes EPCH to assist in the development of a joint plan, however. UMC intends to submit a plan for consideration by the U.S. Bankruptcy Court and its fellow creditors.
Both the UMC Board of Managers as well as Commissioners Court met and conferred many hours today. However, there were three separate deadlines for acceptance of UMC’s term sheet. Each of those deadlines passed without acceptance of the initial term sheet from UMC. UMC cannot allow this issue to continue to exhaust taxpayer dollars and consume precious resources that should be dedicated to care of El Paso’s families.
“We have gone as far as we can go in our efforts to reach a resolution with Children’s Hospital,” said James N. Valenti, President & CEO of UMC. “We want to bring this bankruptcy to closure, and we remain resolute in our determination to ensure the vision of El Paso to have a Children’s Hospital is available to all. We intend to protect the mission and vision and the successful operation of the Children’s Hospital for years to come.”
“We still have litigation ahead and a plan to submit to the U.S. Bankruptcy Court that we intend to present in the coming weeks,” he added.
UMC will continue to dialogue with county commissioners and all interested organizations that can provide assistance toward saving the Children’s Hospital and the exceptional services it provides.