Botsford General Hospital

“The following individuals have a business relationship because they are board members or shared officers of a taxable entity within the beaumont health system: gerson cooper paul lacasse lisa vandecaveye regina doxtader additionally, the following individuals have a business relationship because they are board members or shared officers of a taxable entity within the beaumont health system: gerson cooper paul lacasse john nemes lisa vandecaveye regina doxtader”

“Beaumont health is the sole corporate member of botsford general hospital.”

“As the sole corporate member, beaumont health approves/elects the governing body of botsford general hospital.”

“As the sole corporate member, beaumont health has certain reserved powers over operations and capital of botsford general hospital.”

“The 2015 form 990 was subjected to a multi-step review process culminating in the provision of such form to all voting members of the botsford general hospital board of directors prior to its filing. The form 990 is prepared by the organization's finance department and reviewed by leadership for completeness and correctness. The form 990 is then reviewed by the corporation's outside accounting firm. As the final step in the multi-level review process, a copy of the final version of the form 990 was provided to each voting member of botsford general hospital's governing body for their review before it was filed.”

“The organization regularly and consistently monitors and enforces compliance of the conflict of interest policy by review of the policy annually at the board meeting and mandatory submission of conflicts to the assistant secretary of the organization per the policy.”

“The compensation, benefits and retirement committee (committee) of botsford health care will review and make recommendations to the board of directors with respect to all aspects of compensation and other benefits, including, without limitations, compensation of the corporation's directors, officers, physicians, employees and contractors. The committee retains an independent compensation consultant each year to assess the competitiveness and reasonableness of the total compensation provided to executives, directors and physicians. The compensation consultant abstracts base salary, total cash compensation and benefits data from major surveys for healthcare and other appropriate industries. The fair market review is for comparable positions in comparable organizations based upon size, total revenues and other relevant factors. Yearly, the consultant will present a summary of findings and recommendations intended to help the committee establish the "rebuttable presumption of reasonableness for executives, directors and physicians." the committee will make recommendations to the various boards for approval. No member of the committee will evaluate any compensation arrangement with respect to which he or she has a conflict of interest. Yearly, the committee members will sign a conflict of interest policy. All committee recommendations and actions are adequately documented in committee minutes.”

“Documents that are required to be made available to the public will be made available upon request.”

“The organization exercises due diligence in the oversight of any new joint ventures and routinely consults with tax consultants on the matter, if applicable.”

“Botsford general hospital is a health facility that is an affiliate of beaumont health system. Botsford general hospital holds an intercompany note payable to william beaumont hospital, which is also an affiliate of beaumont health system. The note payable represents botsford general hospital's portion of tax-exempt bonds issued by william beaumont hospital.”

“Additional minimum pension liability adjustment 7,412,619. Loss on extinguishment of debt -1,475,997. Assets released from restrictions -58,538. Assets transferred to/from affiliates -27,898,893. Temporary restricted contributions 78,638.”