(November 2012) The School of Medicine has plans to branch out. In August, voters in Colorado Springs gave the OK for University of Colorado Health to lease Memorial Hospital. 

Wrapped into the deal is the promise of $3 million a year for 40 years to the School of Medicine from University of Colorado Hospital for a branch in Colorado Springs for clinical training. 

The city of Colorado Springs will retain ownership of Memorial’s buildings while the organization’s employees and operations will be transferred to CU Health. Additionally, Memorial Hospital for Children will now be operated by Children’s Hospital Colorado as part of the change. 

CU Health is a merger, completed early in 2012, between University of Colorado Hospital and Fort Collins-based Poudre Valley Health System. The system now spans Colorado’s Front Range and recently entered into a management agreement with Ivinson Memorial Hospital in Laramie, Wyo.