Update June 24, 2014
I am delighted to inform you that today in Jerusalem, Hadassah, The Women's Zionist Organization of America (HWZOA), the Hadassah Medical Organization (HMO) and the Government of Israel (GOI) signed the official agreement for the financial recovery of HMO. This is a milestone in our history and a step toward a long term renewal of HMO's financial and operational future.
As you know, this agreement has been the focus of many months of difficult negotiations. It was made possible due to the agreement of all stakeholders, including the Government of Israel, HWZOA, HMO, the unions, doctors and nurses, non-medical staff and suppliers. And, it is thanks to all of you that we have arrived at this day.
Under this agreement, the Government of Israel has pledged its support to HMO, helping ensure that it retains its place as one of Israel's premier centers of care, research and teaching. HWZOA will retain ownership and control of HMO and will continue to provide financial support. HMO will commit to enhanced accountability through a system of checks and balances and the presence of a government-appointed financial overseer.
I would like to thank the HMO Board and Avi Balashnikov, Acting Chair, for their guidance and responsibility during this transition period. Our sincerest gratitude to Dr. Avigdor Kaplan for his tireless efforts over these many months of negotiations with all of the stakeholders, and to our own HWZOA team led by Audrey Shimron, David Spector and Lisa Tross, and assisted by Rick Annis and Sheryl Zeligson. Last, but certainly not least, our appreciation to Prof. Tamar Peretz who will be shouldering the responsibility for beginning to implement the seven year recovery plan.
HMO's mission is more vital today than ever. The fast-growing State of Israel needs medical institutions that can care for the sick and injured, conduct research that pushes the frontiers of human knowledge and teaches the caregivers of the future. By putting HMO on track to return to financial stability, this agreement ensures that this mission will carry forward for years, and we hope generations, to come.
May we go from strength to strength.
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