Three of four oversight boards at Fort Oglethorpe, Ga.-based Hutcheson Medical Center voted to partner with Erlanger Health System in Chattanooga, Tenn., according to a Times Free Press report.
The votes for Erlanger follow a pitch to Hutcheson by a for-profit hospital.
Trustees of the Hospital Authority of Walker, Dade and Catoosa Counties in Georgia must agree for the contract to be accepted. One of the barriers to the counties' agreement is Walker's indecision on whether to guarantee $10 million of loans from Erlanger if the hospital cannot repay, a stipulation to which Catoosa has already agreed. Dade is not required to post collateral.
Concessions by Hutcheson's lender Regions Bank are only valid if the contract is accepted by April 15.
Read the Times Free Press report on Hutcheson Medical Center and Erlanger Health System.
Read more coverage on Hutcheson Medical Center:
- Georgia's Hutcheson Medical Submits Revised Partnership Proposal to Erlanger
- Georgia's Hutcheson Medical Center Discussing Merger With Tennessee's Erlanger Medical Center
- CEO, CFO of Georgia's Hutcheson Medical Center Step Down
The votes for Erlanger follow a pitch to Hutcheson by a for-profit hospital.
Trustees of the Hospital Authority of Walker, Dade and Catoosa Counties in Georgia must agree for the contract to be accepted. One of the barriers to the counties' agreement is Walker's indecision on whether to guarantee $10 million of loans from Erlanger if the hospital cannot repay, a stipulation to which Catoosa has already agreed. Dade is not required to post collateral.
Concessions by Hutcheson's lender Regions Bank are only valid if the contract is accepted by April 15.
Read the Times Free Press report on Hutcheson Medical Center and Erlanger Health System.
Read more coverage on Hutcheson Medical Center:
- Georgia's Hutcheson Medical Submits Revised Partnership Proposal to Erlanger
- Georgia's Hutcheson Medical Center Discussing Merger With Tennessee's Erlanger Medical Center
- CEO, CFO of Georgia's Hutcheson Medical Center Step Down