MISSOULA — The board responsible for distributing nearly $75 million in proceeds from the sale of Missoula’s Community Medical Center has withdrawn a proposal to donate $10.5 million to the University of Montana Foundation.
The money was intended to help create a new physician assistant training program at UM.
An attorney for CMC Missoula Inc. on Wednesday informed the Montana attorney general’s office that it was withdrawing the proposed donation. No reason was given.
CMC Missoula attorney Gary Chumrau said the board wanted to take another three to six months to re-evaluate the structure of the to-be-created Community Hospital Legacy Foundation. The extension was granted.
Because the nonprofit hospital was sold to a for-profit corporation, the proceeds must go to a foundation with the same health care-minded mission as the hospital and serve the same geographic area.