A local medical center will close its doors to patients at the end of February.
The following is the press release sent out by the
Colorado Springs Osteopathic Foundation announcing it's closure:
The Colorado Springs Osteopathic Foundation will close its health center at 3480 Centennial Blvd. and change its status from a public charity to a non-operating, private charity.
The foundation will no longer offer direct patient care as of Feb. 28.
The Board of Directors made the decision because of changing circumstances in the community and in the foundation, said Executive Director Doris Ralston.
“We thought this would be a more efficient, effective way of providing help,” she said. “The market has affected other nonprofits, and we are going to switch to providing grants for those qualified nonprofits.”
The change in charity status doesn’t mean the foundation won’t be active in the community. It will now just provide money for other groups.
“It’s a transition that we’re making,” Ralston said. “We know there are other groups that offer senior care, and they have vacancies.”
The Colorado Springs Osteopathic Foundation was reorganized in 1984 to continue as a 501(c) 3 organization after the sale of the Eisenhower Medical Center.
Formerly, it trained and graduated doctors in osteopathic family practice, geriatrics and sports medicine. That program ended three years ago.
The group has underwritten more than $6.5 million in direct patient care to the underserved and provided $700,000 to other nonprofit organizations. The group also gave $231,000 in medical scholarships.