ROCKFORD — The Illinois Health Facilities and Services Review Board is slated to decide next week whether to allow Mercyhealth to give the Javon Bea Hospital-Rockton to Kingdom Authority International Ministries.
The church and the hospital have asked for the state’s approval for the ownership change, which they previously announced in September. The purchase price is $1 because the transaction is considered a charitable donation, according to the application filed with the state. The fair market value of the property, 2400 N. Rockton Ave., is $12.6 million, according to documents filed with the Illinois Department of Revenue.
“The purchase price of $1 enables the church to allocate more of its resources to community-funded projects,” according to an application filed with the state. “The sale prevents the campus from sitting vacant and potentially revitalizes a significant site on Rockford’s west side.”…