Board Approves $123,750 Buyout From Franklin Medical

The Board approved Resolution 136 authorizing a $123,750 buyout payment to Franklin Medical Center for the remainder of Dr. Will Stansbury’s educational expense contract. In exchange, Dr. Stansbury will commit to three years of service at Richardson Medical Center, with potential HRSA reimbursement pursued.

Scope & details

The full contract record, as filed.

Contract amount

$123,750.00

Contract type

OTHER

Contract term

Remainder of Dr. Will Stansbury’s educational expense contract; post-buyout 3-year service commitment to RMC

Renewal

One-time contract buyout of existing physician educational expense agreement; results in a new three-year service commitment by Dr. Stansbury to Richardson Medical Center.

Document type

Minutes

Source document

Richardson Medical Center Board of Commissioners Minutes 2026-06-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Richardson Medical Center?

Franklin Medical Center was awarded this government contract by Richardson Medical Center, as recorded on June 25, 2026. The contract value is $123,750.00.

How much is the Franklin Medical Center contract with Richardson Medical Center worth?

The Franklin Medical Center contract with Richardson Medical Center is valued at $123,750.00.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Richardson Medical Center Board of Commissioners Minutes 2026-06-25 (Minutes), dated June 25, 2026 from Richardson Medical Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Franklin Medical Center hold?

Franklin Medical Center may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Franklin Medical Center's profile

What is Richardson Medical Center currently buying?

Explore Richardson Medical Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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