LCHA agrees to financing terms with Americore Health

The Lee County Hospital Authority has accepted financing terms with Americore Health for current expenses. Americore will provide funds covering month-to month expenses interest-free up to $100,000 until January of 2018. The balance of the principal and unpaid interest will then be due on November 7 of the same year. 

Under the promissory note, Americore Health cannot exercise any rights until giving the Authority at least 60 days notice and a chance to remedy the issue, insuring Americore a security interest in the building, should the Authority default on the note.

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