Hutcheson’s financial troubles—they lost $4.5 million in the last four months and have only 15 days of cash remaining—motivated hospital leaders to seek an affiliation with Erlanger. Several members of Hutcheson’s hospital boards formed a transition team to negotiate with Erlanger.
Although Hutcheson recently faced major leadership changes with the resignation of its CEO and CFO, hospital officials said their departure facilitated cooperation among board members because of a more comfortable atmosphere.
Read theChattanoogan.com report on Hutcheson Medical Center.
Read more coverage on Hutcheson:
– CEO, CFO of Georgia’s Hutcheson Medical Center Step Down
– Hospital and Health System Transactions (January 2011)
– Georgia’s Hutcheson Medical Center to Partner With Erlanger Health
