Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Board Supports Mountain States Acquisition of Unicoi Hospital

The Erwin, Tenn., Board of Mayor and Alderman has voted to approve the sale of Unicoi County Memorial Hospital in Erwin to Johnson City, Tenn.-based Mountain States Health Alliance, according to a Johnson City Press report.

The Unicoi County Memorial Hospital Board of Control voted unanimously last week to accept MSHA's proposal to acquire the public-owned hospital.  Wellmont Health System, based in Kingsport, Tenn., also submitted an acquisition bid but announced last week that it considers both its bid and MSHA's bid null and void due to legal issues with the UCMH board's selection process.

The hospital board and MSHA had originally reached a definitive agreement in April, but the UCMH board met to reconsider both proposals after the Tennessee attorney general's office delayed the acquisition in June due to concerns over open meeting laws and lack of approval from local authorities.

More Articles on Unicoi County Memorial Hospital:
Unicoi Hospital Accepts Mountain States Offer for Third Time
Wellmont Officials Say Unicoi Hospital Sale Proposals Null and Void
Unicoi County Memorial Hospital to Revisit Acquisition Proposals 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars