While Ballad Health certainly hired 255 new graduate nurses for a net gain of current employment, no new jobs were created or netted, as indicated in a tweet by Executive Chairman, President and CEO Alan Levine.
Milestones in the Mountain States Health Alliance-Wellmont Health Alliance merger process
Tennessee Department of Health Commissioner John Dreyzehner announced Wednesday that Mountain States Health Alliance and Wellmont Health System were officially granted a Certificate of Public Advantage, permitting the two entities to merge into Ballad Health.
The region’s two largest hospital systems have until Wednesday to officially put the lid on a monumental merger.
With the Federal Trade Commission’s 30-day review now complete, the only thing separating Mountain States Health Alliance and Wellmont Health System from merging is an official closing date.
The Federal Trade Commission’s role in the merger of Mountain States Health Alliance and Wellmont Health System isn’t quite over yet.
Although the hospital merger between Mountain States Health Alliance and Wellmont Health System has been approved in Tennessee and Virginia, the transaction still isn’t officially closed.
On Monday, Virginia Department of Health Commissioner Marissa Levine officially approved a cooperative agreement permitting a years-long effort to merge Mountain States Health Alliance and Wellmont Health System into Ballad Health. But Levine’s approval came with the stipulation the conglomerate will have to abide by specific terms in the Commonwealth.
Virginia and Tennessee don’t appear to be on the same page — or pages — when it comes to regulating a hospital merger.
Virginia Department of Health Commissioner Marissa Levine granted a request from Mountain States Health Alliance and Wellmont Health System officials to delay her decision on whether to approve their hospital merger until Oct. 30.
Bill Greene showed up at the Johnson City Press’ offices in August 2014 unscheduled, with a tie on and a folder under his arm. He asked to speak to news editors and a business reporter about what he said was the “biggest story in the Tri-Cities,” maybe ever.
On Tuesday, we asked our Facebook readers to share their thoughts about the decision and the future of health care in the region.
Tennessee announced that it had approved the merger’s Certificate of Public Advantage on Tuesday. A decision in Virginia is expected by month’s end.
The local health care landscape will soon be transformed as all hospitals in the Tri-Cities will be operated under one entity.
The proposed merger between Northeast Tennessee’s two major hospital systems has lulled public interest as the tedious process stretches into its third year.