The sole purpose of auburn community hospital properties, inc is to acquire and finance property to be leased by auburn community hospital 501(c)(3) for the purpose of operating an offsite clinic to serve the medical needs of the community.
The sole purpose of auburn community hospital properties, inc is to acquire and finance property to be leased by auburn community hospital 501(c)(3) for the purpose of operating an offsite clinic to serve the medical needs of the community. The only source of income is rent charged to the hospital to cover the debt service costs in such an acquisition.