Tuesday, June 18 2013 12:32 AM EDT2013-06-18 04:32:02 GMT
The United Way of Southwest Georgia honors more than a dozen organizations for their leadership in supporting United Way agencies. United Way raised about 1.1-million dollars this year. That's up slightlyMore >>
The United Way of Southwest Georgia honors more than a dozen organizations for their leadership in supporting United Way agencies.More >>
Tuesday, June 18 2013 12:31 AM EDT2013-06-18 04:31:27 GMT
Dougherty County School Board members want property owners to know, they won't raise your taxes despite another tight budget year. Monday night Board members held a public hearing to give people a chanceMore >>
Dougherty County School Board members want property owners to know, they won't raise your taxes despite another tight budget year.More >>
Tuesday, June 18 2013 12:23 AM EDT2013-06-18 04:23:09 GMT
The opening of Albany's new airport terminal remains on schedule despite a delay in the ceremonial opening. Travelers will begin using the new facility at Southwest Georgia Regional Airport two weeks fromMore >>
The opening of Albany's new airport terminal remains on schedule despite a delay in the ceremonial opening.More >>
Tuesday, June 18 2013 12:03 AM EDT2013-06-18 04:03:40 GMT
A Georgia girl remains hospitalized tonight with serious burns following a boat explosion on Lake Lanier. Apparently, a fuel leak led to the blast. Cell phone video captured by boaters shows a boat burningMore >>
A Georgia girl remains hospitalized tonight with serious burns following a boat explosion on Lake Lanier. Apparently, a fuel leak led to the blast.More >>
Monday, June 17 2013 11:59 PM EDT2013-06-18 03:59:55 GMT
Police are asking banks to be on the lookout for a woman who has cashed thousands of dollars in forged checks. So far, she's hit Colony Banks in Albany, Valdosta, Moultrie, and Sylvester. Sylvester PoliceMore >>
Police hope to stop a successful forger who's gotten away with thousands of dollars so far by cashing fraudulent checks at multiple south Georgia banks.More >>
ALBANY, GA (WALB) – Phoebe Putney Hospital plans to spend $195 million to buy Palmyra Medical Center. It's a lot of money, but Phoebe seems well-positioned for the purchase.
To maintain its tax-exempt status, Phoebe must file a 990 Form with the IRS each year. They haven't filed yet for the 2009 fiscal year, but here's what their 2008 filing shows.
The Health System essentially made a profit that year of $10.1 million. It reported cash in non-interest bearing accounts of $4.5 million. In 2008 Phoebe had investments in publicly traded and other securities worth almost $224 million dollars and total assets of more than $297million dollars.
To pay for the purchase, Phoebe plans to liquidate some of those assets then take out a loan for nearly $100 million.
The IRS filings also show that Phoebe CEO Joel Wernick made more than $1.14 million dollars in 2008. Two physicians, Dr. Chirag Jani and Dr. Jose Tongol, are also listed as making more than one million dollars.