The two groups will now enter a 60-day due diligence period.
Hutcheson’s board picked Erlanger over Chattanooga-based Memorial Health Care to help turnaround the struggling health system. The hospital lost $7.3 million in 2009, according to the report.
Read the Chattanooga Times Free Press report on Hutcheson Medical Center.
Read more coverage on Tennessee hospitals:
– Tennessee Receives Federal Approval for EHR Incentive Program
– Tennessee House Committee Approves Proposed Hospital Fee
– Tennessee House to Consider 3.5% “Coverage Fee” for Hospitals
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