An agreement signed Tuesday will lease the Polk Medical Center to the Hospital Authority of Floyd County, which promises to do $2 million worth of renovations to the facility and build a new, 25-bed replacement by 2016, officials said.
Signed in Cedartown, Ga., where Polk Medical Center is located, the lease agreement begins April 1, 2012, documents show. The agreement was signed by Floyd Medical Center, the Hospital Authority of Floyd County and the Cedartown-Polk County Hospital Authority.
The facility not only serves Cedartown-area residents in Polk County, but residents in adjacent counties will reap benefits, too, said Harold Wyatt, chairman of the Cedartown-Polk County Hospital Authority.
Floyd will operate the existing hospital under a five-year lease until the new hospital planned for a site east of Cedartown is completed, Wyatt said. The agreement calls for the new 25-bed hospital to include two operating rooms and an adjoining medical office building, records state.
The existing facility will be put to a different use once the new hospital is finished, he said. Floyd will have a 35-year lease on the new facility, then it will become the property of the Cedartown-Polk County Hospital Authority, he said.