Johnson City, Tenn.-based Mountain States Health Alliance expects its purchase of Unicoi County Memorial Hospital in Erwin, Tenn., to close Friday, according to a Johnson City Press report.
Unicoi County Memorial Hospital Administrator Tracy Byers told the Press officials expect a letter of "no action" from the Tennessee attorney general's office today or Thursday. Members of the Unicoi County Memorial Board of Control have signed pre-closing documents, according to the report.
Earlier this month, the state attorney general said it would release its decision close to this Friday, the deal's proposed closing date. The Unicoi County Commission in Erwin, Tenn., unanimously approved the sale in August. The commission also approved an acknowledgement of a contribution agreement involving the hospital, the county and MSHA. Under the agreement, MSHA is set to provide the county with $750,000 upon closing the transaction.
The hospital board voted in July to accept MSHA's proposal to acquire the public-owned hospital. The Erwin, Tenn., Board of Mayor and Alderman also voted to approve the sale. MSHA and the hospital board originally reached a definitive agreement in April, but the hospital reconsidered all proposals after the attorney general's office delayed the acquisition in June due to concerns over open meeting laws and lack of approval from local authorities.
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