Prepare a written purchase proposal to your board of trustees that identifies and details the research and various steps takin to make a purchase decision based on specification below.
Scenario: You are the CEO of a mid-sized, not-for-profit community hospital which is the sole hospital in the community. The only competition for your facility within the community is a free-standing physician-owned imaging center. The physician who owns the center has decided to retire from medicine and is contemplating selling the service to help fund his retirement. Your hospital has an opportunity to purchase this center. How do you proceed?
These are just a few of the blatant variables that need to be processed in a purchase decision. There are other variables that will need to be considered.
• You will have to analyze the financial operations of the center including the evaluation of future financial viability.
• You will need to establish a purchase price so that an offer can be made, examine any and all tax ramifications, and explore potential funding mechanisms for the purchase.
Thesis Statement: By thoroughly examining the financial aspects, including costs, expenses, and revenue of purchasing an imaging center, this research paper aims to demonstrate to the Board of Trustees that the acquisition will be a valuable asset for the not-for-profit community hospital.
***USE SIMPLE WORDS
***Use a minimum of 5 sources with at least 3 being professional or peer-reviewed journal article is required.
***Use the book : Ross, T. (2023). Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers. 6th Edition. Jones & Bartlett Learning as reference in addition to 5 approved sources.
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