COLORADO SPRINGS — Colorado Springs voters on Tuesday overwhelmingly approved a plan to lease city-owned Memorial Health System to University of Colorado Health.
The proposal passed, 83 percent to 17 percent. About 41 percent of registered voters cast ballots in the mail election.
The lease agreement will pay the city $74 million up front and $5.6 million annually, which the city plans to put into a new foundation dedicated to local health needs. UC Health will also pay $3 million a year toward establishing a medical school at the University of Colorado at Colorado Springs.
UC Health is a new organization formed by University of Colorado Hospital in Aurora and Poudre Valley Health System in Fort Collins.
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