HANCOCK, MI— Copper Shores Community Health Foundation has been designated the recipient of more than $20 million in charitable funds.
Michigan Attorney General Dana Nessel says it’s the result of a 2013 joint venture between Portage Health and Lifepoint Holdings. Pursuant to the contribution agreement, the joint venture was required to expend $60 million in capital commitments within 10 years of closing the transaction or pay any shortfall to a local charitable healthcare foundation.
In the final report of the independent monitor, the joint venture was determined to be $21,786,091 short of its capital commitment.
Nessel says Copper Shores, which addresses adult and child trauma and the impact of suicide, assists victims of sexual assault, and conducts human trafficking trainings, among other things, is a needed asset in the Keweenaw.
“There may never have been a greater need for rural health support than right now, as the state faces devastating cuts from the federal government and the looming threats to Medicaid. I trust that they will use this investment wisely and responsibly to ensure and promote the health of our state residents,” she says.
