The Tennessee Attorney General's office has issued a letter of no action concerning Johnson City, Tenn.-based Mountain States Health Alliance's proposed purchase of Unicoi County Memorial Hospital in Erwin, Tenn., according to a Johnson City Press report.
The attorney general's decision clears the way for the deal's closing, which hospital officials expect to occur today.
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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