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

Wellmont, MSHA forge ahead with merger request

Nearly a year after declaring their intent to merge, Johnson City, Tenn.-based Mountain States Health Alliance and Kingsport, Tenn.-based Wellmont Health officials said they will continue to fight for their proposed merger, according to the Bristol Herald Courier.

Officials held a press conference Feb. 17 to discuss the progress of the proposed merger. State officials in Tennessee and Virginia previously extended the review period for the merger to allow both health systems more time to provide state officials with additional information necessary to make a final decision on the issue by June 15, according to the article.

Despite opposition from the Federal Trade Commission, officials from both institutions said they believe state officials will approve the proposed agreement.

"We can't speak for the states, but every indication we had leading up to that time, and since then, is that things are moving forward on the right track. It's just a matter of continuing engagement with the state, additional information needs that they have and additional information that we want to provide to supplement the record," said Todd Norris, senior vice president of system advancement at Wellmont Health.

More articles on transactions and valuations:
This week's 3 most-read transactions and valuations stories
Grand View Health, CMS, others form integrated delivery network
21 recent hospital transactions and partnerships

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