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Did Mission Health System spend too much for new properties?

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The Asheville Citizen-Times reports that Mission Health may have paid a premium price for property owned by a member of its board:

Mission Hospital has expanded the properties it owns with two multimillion-dollar real estate deals — one involving a building owned by a Mission board member and the spouse of the board chairman.

The health system paid $10.9 million for land and two Hendersonville Road office buildings where it now leases office space, despite an out-of-town appraiser’s estimate that the properties were worth $800,000 less. ...
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